Axis Bank Ltd.

Axis Bank has informed that the Bank proposes to raise funds by issuing Unsecured, Subordinated, Perpetual, Additional Tier 1, Basel III compliant Non-Convertible Debentures (Series - 28) of the face value of Rs 10 lakh each for cash at par aggregating to Rs 3,500 Crore. The Board of Directors of the Bank will consider the proposal to issue and allot the above Securities through Circular Resolution.

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