Axis Bank Ltd.

Axis Bank is currently trading at Rs. 510.25, up by 2.70 points or 0.53% from its previous closing of Rs. 507.55 on the BSE.

The scrip opened at Rs. 511.10 and has touched a high and low of Rs. 512.05 and Rs. 509.10 respectively. So far 33436 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 638.00 on 07-Sep-2016 and a 52 week low of Rs. 424.60 on 10-Jan-2017.

Last one week high and low of the scrip stood at Rs. 525.00 and Rs. 504.00 respectively. The current market cap of the company is Rs. 122267.42 crore.

The promoters holding in the company stood at 30.13%, while institutions and non-institutions held 59.38% and 10.49% respectively.

In line with its growth projection in domestic as well as overseas operations, Private sector Axis Bank is planning to raise up to Rs 35,000 crore in about a year’s time. In this regard, the country’s third largest private sector lender may issue debt securities denominated in Indian rupees or any other permitted foreign currency including long term bonds, green bonds, non-convertible debentures on a private placement basis during the period of one year from the date of passing of the special resolution. The board of directors at its meeting held on April 26, 2017 had approved the fund raise plan.

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.