Axis Bank Ltd.

Axis Bank is currently trading at Rs. 505.50, up by 1.05 points or 0.21% from its previous closing of Rs. 504.45 on the BSE.

The scrip opened at Rs. 505.00 and has touched a high and low of Rs. 505.85 and Rs. 501.40 respectively. So far 29,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 547.00 on 25-Jul-2017 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. 517.00 and Rs. 497.70 respectively. The current market cap of the company is Rs. 1,21,106.00 crore.

The promoters holding in the company stood at 30.35%, while Institutions and Non-Institutions held 58.74% and 10.91% respectively.

Axis Bank has completed the acquisition of Freecharge for a cash consideration of Rs 373.27 crore, on a cash-free, debt-free basis. The Bank has received approval for the same from Reserve Bank of India.

The Bank had entered into a Share Purchase Agreement (SPA) with Jasper Infotech (Snapdeal), to acquire 100% equity capital of Accelyst Solutions (Accelyst) & Freecharge Payment Technologies (FPTPL) (Accelyst and FPTPL collectively referred to as Freecharge). 

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.