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Axis Bank informs about outcome of board meeting

24 Apr 2024 Evaluate
Axis Bank has informed that the Board of Directors of Axis Bank at its meeting held today, April 24, 2024, has recommended a final dividend of Re. 1 per equity share,50% of the face value of Rs 2 each, for the financial year ended March 31, 2024, subject to approval of the members of the Bank at the ensuing 30th Annual General Meeting (AGM). The dividend, if approved, will be paid within 30 days from the date of conclusion of the AGM. The Board has also approved raising of funds; by issue of debt instruments in Indian/Foreign currency including, but not limited to, long term bonds, masala bonds, sustainable/ ESG Bonds (including green bonds), optionally/compulsorily convertible debentures, non-convertible debentures, perpetual debt instruments, AT 1 Bonds, Infrastructure Bonds and Tier II Capital Bonds or such other debt securities as may be permitted under the RBI guidelines from time to time, up to an amount of Rs. 35,000 crore (Rupees thirty-five thousand crore only), in terms of Section 42 of the Companies Act, 2013, the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 and the SEBI Listing Regulations, subject to approval of the members of the Bank; and by issue of equity shares/ depository receipts and/or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs)/ Global Depository Receipts (GDRs) program, preferential allotment or such other permissible mode or combinations thereof as may be considered appropriate by the Board, up to an amount of Rs. 20,000 crore (Rupees twenty thousand crore only), in terms of applicable laws, subject to approval of the members of the Bank and statutory/regulatory bodies, as applicable.

The above information is a part of company’s filings submitted to BSE.

Axis Bank Share Price

1359.15 9.25 (0.69%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
Axis Bank 1359.15
Kotak Mahindra Bank 383.50
Indusind Bank 853.15
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