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Axis Bank mop-up Rs 5,537 crore through selling of shares

01 Feb 2013 Evaluate

Axis Bank, the third largest private sector lender in the country has raised Rs 5,537 crore by selling shares to institutional investors and certain promoters. On the whole, the bank has raised Rs 4,726 crore through its qualified institutional placement (QIP).

The QIP offer was placed with investors that included large long only funds, pension funds, insurance companies and domestic mutual funds. The QIP programme was managed by Citi, JP Morgan and Axis Bank. Following the QIP issue, the shareholding of the promoters stands at 33.50%. Other resident shareholders hold 19.30% stake, while global institutions have the remaining 47.20%.

 

Axis Bank Share Price

1346.00 -11.70 (-0.86%)
30-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 798.40
ICICI Bank 1376.40
Axis Bank 1346.00
Kotak Mahindra Bank 392.95
Indusind Bank 924.45
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