Axis Bank Ltd.

Axis Bank has raised Rs 811.47 crore through issue of 58,37,945 shares on preferential basis to promoters. The bank has issue 58.37 lakh shares, of face value Rs 10, at a price of Rs 1,390 on preferential basis to promoters, including LIC and General Insurance Corporation.

Of the total, about 42.40 lakh shares were alloted to Life Insurance Corporation. The remaining shares were alloted to other promoters namely General Insurance Corporation, National Insurance Company, New India Assurance Company and United India Insurance Company.    

Last month, the bank raised about Rs 4,726 crore through Qualified Institutional Placement to investors which witnessed participation from pension funds, insurers and domestic mutual funds.