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Axis Bank raises Rs 4,175 crore through allotment of NCDs

30 Jan 2020 Evaluate

Axis Bank has raised Rs 4,175 crore through the allotment of 41,750 Senior Unsecured Redeemable Non-Convertible Debentures of the face value of Rs 10 lakh each (Debentures), for cash, at coupon rate of 7.65% p.a. on a private placement basis. The said debentures is rated ‘AAA/Stable’ by CRISIL and ‘AAA/Stable’ by ICRA.

The Board of Directors of the Company at its meeting held on January 30, 2020 has allotted the same

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and0020Mid-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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