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The latest announcement is out from Axis Bank Limited ( (IN:AXISBANK) ).
Axis Bank Limited has announced its intention to raise funds by issuing Fully paid, Senior, Rated, Listed, Unsecured, Taxable, Redeemable, Long Term Non-Convertible Debentures (Series 9) on a private placement basis. The bank plans to raise a base amount of Rs. 2,000 Crore, with an option to retain oversubscription up to Rs. 3,000 Crore, totaling Rs. 5,000 Crore. This move is part of the bank’s strategy to strengthen its financial position and support its growth initiatives.
More about Axis Bank Limited
Axis Bank Limited operates in the financial services industry, primarily offering banking and financial products and services. The company focuses on providing a wide range of banking solutions to its customers, including retail banking, corporate banking, and investment banking services.
Average Trading Volume: 266,937
Technical Sentiment Signal: Buy
Current Market Cap: 3941.6B INR
Learn more about AXISBANK stock on TipRanks’ Stock Analysis page.