ALSO READAxis Bank to consider fundraising plan on Nov 10 Axis Bank sees progress on bad loans, smaller decline in profits RBI wants lenders to proceed on defaulted loans - Axis Bank Axis Bank agrees to buy payments wallet provider FreeCharge for $60 mln Axis Bank agrees buy to payments wallet provider FreeCharge for $60 million
MUMBAI (Reuters) - India's Axis Bank Ltd said on Friday it will raise 116.26 billion rupees ($1.78 billion) by selling shares and convertible warrants to investors including Bain Capital and top Indian insurer Life Insurance Corp.
($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.)