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Axis Bank Board to mull on fund raising

Capital Market 

On 20 July 2019

Axis Bank announced that the Board of Directors of the Bank will meet on 20 July 2019 to inter alia, explore the option of raising funds by issue of equity shares/ depository receipts and/or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) program, preferential allotment or such other permissible mode or combinations thereof as may be decided, subject to approval of the Shareholders of the Bank and receipt of other Regulatory / Statutory approvals at an appropriate time.

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

First Published: Thu, July 11 2019. 09:34 IST