Axis Bank Ltd.

Axis Bank is currently trading at Rs. 543.40, up by 19.05 points or 3.63% from its previous closing of Rs. 524.35 on the BSE.

The scrip opened at Rs. 528.00 and has touched a high and low of Rs. 543.50 and Rs. 526.00 respectively. So far 587825 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 613.40 on 16-Jul-2015 and a 52 week low of Rs. 366.65 on 18-Jan-2016.

Last one week high and low of the scrip stood at Rs. 543.50 and Rs. 506.90 respectively. The current market cap of the company is Rs. 129172.07 crore.

The promoters holding in the company stood at 30.76% while Institutions and Non-Institutions held 58.61% and 10.63% respectively.

Axis Bank has signed tripartite share subscription agreement and shareholders agreement with A.Treds (a subsidiary company of the bank) and Mjunction services. Pursuant to the execution of the said agreements, the bank has invested Rs 16.50 crore and Mjunction has invested Rs 8.25 crore in A.Treds. Mjunction is a joint venture between Tata Steel and Steel Authority of India.

As per the transaction, the bank has been allotted 1.65 crore equity shares at a nominal value of Rs 10 each and Mjunction has been allotted 82.50 lakh equity shares at a nominal value of Rs 10 each for cash at par. Consequently, the bank now holds 67% stake and Mjunction holds 33% equity stake in the A.Treds.

A.Treds is licensed by Reserve Bank of India (RBI) to engage in the business of Trade Receivables Discounting System (TReDS).