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Axis Bank inches up on planning to raise funds through various means

Mumbai : Axis Bank is currently trading at Rs. 769.10, up by 0.60 points or 0.08% from its previous closing of Rs. 768.50 on the BSE. The scrip opened at Rs. 772.20 and has touched a high and low of Rs. 773.25 and Rs. 764.80 respectively. So far 32935 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 826.55 on 06-Jun-2019 and a 52 week low of Rs. 515.85 on 18-Jul-2018.

Last one week high and low of the scrip stood at Rs. 813.00 and Rs. 764.45 respectively. The current market cap of the company is Rs. 200924.12 crore. The promoters holding in the company stood at 18.70%, while Institutions and Non-Institutions held 70.86% and 10.42% respectively. Axis Bank is planning to raise funds through issuance 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 thereof. The Board of Directors of the Company at its meeting to be held on July 20, 2019 to consider the same.

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.

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