trending Market Intelligence /marketintelligence/en/news-insights/trending/-zT-M3tYsRJNJdX2KwWlrg2 content esgSubNav
In This List

Axis Bank completes 125B rupees share sale

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Axis Bank completes 125B rupees share sale

India's Axis Bank Ltd. raised 125 billion rupees from a qualified institutional placement of equity shares, confirming earlier reports.

The bank issued 198,728,139 equity shares at 629 rupees apiece to eligible qualified institutional buyers, according to a Sept. 26 filing.

Following the sale, the bank's paid-up equity share capital rose to 5.64 billion rupees, or 2,81,90,04,453 shares of 2 rupees each, from 5.24 billion rupees, or 2,62,02,76,314 shares of 2 rupees each.

As of Sept. 26, US$1 was equivalent to 70.97 Indian rupees.