Axis Bank Ltd.

Axis Bank is currently trading at Rs. 409.80, up by 5.05 points or 1.25% from its previous closing of Rs. 404.75 on the BSE.

The scrip opened at Rs. 408.55 and has touched a high and low of Rs. 414.85 and Rs. 408.45 respectively. So far 523979 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 819.05 on 01-Jul-2019 and a 52 week low of Rs. 285.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 449.80 and Rs. 402.90 respectively. The current market cap of the company is Rs. 116041.56 crore.

The promoters holding in the company stood at 16.00%, while Institutions and Non-Institutions held 70.43% and 13.43% respectively.

Axis Bank is planning to raise funds by issue of equity shares/ depository receipts and/or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs)/ Global Depository Receipts (GDRs) program, preferential allotment or such other permissible mode or combinations thereof as may be decided, subject to approval of the shareholders of the Bank and receipt of other governmental/ regulatory/ statutory approvals at an appropriate time, as applicable.

A meeting of the Board of Directors of the bank is scheduled to be held on July 2, 2020, to consider and approve 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.