Sunday, 24 August 2014

Axis Bank getting nod to raise Rs 6,000 crore on a private placement basis

Axis Bank’s board has approved issuance of long term bonds/non-convertible debentures upto Rs 6,000 crore on a private placement basis. The company’s board gave its approval for the same at its meeting held on August 21, 2014.
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.

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