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Axis Bank raises Rs 12,500 crore via QIP

27 Sep 2019 Evaluate

Axis Bank has raised Rs 12,500 crore through qualified institutional placement (QIP) to fund business growth. The transaction was anchored by several large marquee foreign portfolio investors, domestic mutual funds and insurance companies.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

Peers
Company Name CMP
HDFC Bank 728.10
ICICI Bank 1396.80
Axis Bank 1286.45
Kotak Mahindra Bank 446.00
Indusind Bank 874.00
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