Axis Bank Ltd.

Axis Bank has subscribed to 50,000 Equity Shares of face value of Rs. 10 each fully paid up of IBBIC for a consideration of Rs 10 per equity share constituting 5.55% of the issued and paid up capital of IBBIC. IBBIC is a financial technology company with an objective of providing a platform for exploring, building and implementing Distributed Ledger Technology (DLT) solutions for Indian financial services sector. Equity ownership of IBBIC is aimed at providing DLT solutions for the financial services sector. 

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.