Axis Bank Ltd.

Axis Bank has planned to raise funds by issuing fully paid, senior, rated, listed, unsecured, taxable, redeemable, long term non-convertible debentures (Series -7). The fund raise will have a base issue size of Rs 1000 crore and green shoe option to retain over subscription of Rs 3000 crore, thereby aggregating up to Rs 4000 crore.

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.