The Board of Directors of AXIS Bank, at their meeting held today has approved raising of funds aggregating upto Rs. 18,000 crore, through issue of equity shares / depository receipts and/or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs) / Global Depository Receipts (GDRs) program, preferential allotment or such other permissible mode or combinations as may be considered appropriate, subject to Shareholders' approval through Postal Ballot Process, in relation to the above fund raising proposal.
For the purpose of giving effect to the above, the Boord has authorised a Committee of the Board to decide, the terms and conditions of the proposed fund raising.
Shares of AXIS BANK LTD. was last trading in BSE at Rs.729.45 as compared to the previous close of Rs. 740.85. The total number of shares traded during the day was 177381 in over 4304 trades.
The stock hit an intraday high of Rs. 746.45 and intraday low of 723.25. The net turnover during the day was Rs. 130227588.