Axis Bank has subscribed to 50,000 equity shares of face value of
Rs. 10/- each fully paid up of IBBIC for a consideration of Rs. 10 per equity share constituting 5.55% of the issued and paid up capital of IBBIC.
IBBIC is a financial technology company with an objective of providing a platform for exploring, building and implementing Distributed Ledger Technology (DLT) solutions for Indian financial services sector.
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