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Axis Bank to raise $1.8 billion from Bain Capital, LIC, others

Reuters  |  MUMBAI 

(Reuters) - India's Ltd said on Friday it will raise 116.26 billion rupees ($1.78 billion) by selling and convertible warrants to investors including Bain Capital and top Indian insurer Life Corp.

said in a filing that its board had approved selling up to 172.63 million on a preferential basis at 525 rupees each and 45.36 million convertible warrants at 565 rupees each.

($1 = 65.1525 Indian rupees)

(Reporting by Devidutta Tripathy and Swati Bhat; Editing by Subhranshu Sahu)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 10 2017. 17:17 IST