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Axis Bank Limited ( (IN:AXISBANK) ) has shared an announcement.
Axis Bank has allotted 90,462 new equity shares of face value Rs. 2 each following the exercise of employee stock options and restricted stock units under its ESOP/RSU scheme. As a result, the bank’s paid-up share capital has marginally increased from Rs. 6,209,981,938 to Rs. 6,210,162,862, corresponding to an increase in the number of outstanding equity shares from 3,104,990,969 to 3,105,081,431, signaling routine equity dilution linked to employee compensation and incentive alignment for staff and management.
More about Axis Bank Limited
Axis Bank Limited is one of India’s leading private-sector banks, offering a broad range of banking and financial services across retail, corporate, and institutional segments. Listed on both the National Stock Exchange of India and BSE, the bank operates in a highly competitive domestic banking market with a focus on credit, deposit products, and fee-based services.
Average Trading Volume: 263,764
Technical Sentiment Signal: Strong Buy
Current Market Cap: 3812.5B INR
See more insights into AXISBANK stock on TipRanks’ Stock Analysis page.