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Axis Bank raises Rs 811.47 crore via preferential issue

05 Feb 2013 Evaluate

Axis Bank has raised Rs 811.47 crore through issue of 58,37,945 shares on preferential basis to promoters. The bank has issue 58.37 lakh shares, of face value Rs 10, at a price of Rs 1,390 on preferential basis to promoters, including LIC and General Insurance Corporation.

Of the total, about 42.40 lakh shares were alloted to Life Insurance Corporation. The remaining shares were alloted to other promoters namely General Insurance Corporation, National Insurance Company, New India Assurance Company and United India Insurance Company.    

Last month, the bank raised about Rs 4,726 crore through Qualified Institutional Placement to investors which witnessed participation from pension funds, insurers and domestic mutual funds.

Axis Bank Share Price

1373.45 27.45 (2.04%)
01-Jul-2026 14:11 View Price Chart
Peers
Company Name CMP
HDFC Bank 798.80
ICICI Bank 1380.50
Axis Bank 1373.45
Kotak Mahindra Bank 399.95
Indusind Bank 937.20
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