 "Axis Bank to raise upto ₹5,000 crore via debt on private placement basis")
India's Axis Bank said on Friday it plans to raise up to ₹5,000 cr ($559 million) via debt securities on a private placement basis.
The company is looking to raise ₹20 billion through debentures and ₹30 billion via a green shoe option.
The lender did not specify a timeline for the placement.
The fundraise is part of the bank's plan - announced in April - to raise ₹350 billion via debt and 200 billion rupees through shares.
Shares of the company ended 0.7% lower.
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