AXIS Bank Ltd Board approves raising of Rs. 6000 crores funds

The Board of Directors of the Bank at its meeting held on August 21, 2014 has approved issuance of Long Term Bonds/Non-convertible debentures upto Rs. 6,000 crores on a private placement basis. The approval of shareholders of the Bank in terms of the provisions of Companies Act, 2013 is proposed to be obtained by way of Postal Ballot.

Shares of AXIS BANK LTD. was last trading in BSE at Rs.398.7 as compared to the previous close of Rs. 394.05. The total number of shares traded during the day was 336496 in over 11624 trades.

The stock hit an intraday high of Rs. 401.95 and intraday low of 393.35. The net turnover during the day was Rs. 134309124.

Source : Equity Bulls

Keywords