Axis Bank Ltd.

Axis Bank’s board has accorded approval to invest a sum of up to Rs 600 crore for acquiring up to 60 crore equity shares of Rs 2 each of Yes Bank, for cash, at a premium of Rs 8 per equity share, under the proposed Scheme of Reconstruction of Yes Bank under the Banking Regulation Act, 1949. The Board of Directors of Bank at its meeting held on March 13, 2020 has approved the same.

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.