MoneyWorks4Me

Axis Bank raises Rs 10,000 crore through allotment of equity shares

11 Aug 2020 Evaluate

Axis Bank has raised Rs 10,000 crore through allotment of equity shares to qualified institutional buyers (QIB). Last week, Axis Bank had set a floor price of Rs 442.19 per equity share for its proposed Rs 15,000-crore qualified institutional placement (QIP).

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 735.80
ICICI Bank 1326.50
Axis Bank 1220.00
Kotak Mahindra Bank 403.40
Indusind Bank 912.50
View more..