Axis Bank plans to raise Rs 1800 crore

Through Tier II Debenture issue

Axis Bank announced that the Bank proposes to raise funds by issuing Unsecured Redeemable Non-Convertible Subordinated Debentures (Basel- III Compliant Tier II Debentures) (Series - 25) of the face value of Rs. 10 lakh each for cash at par aggregating to Rs. 1800 crore (Rupees Eighteen Hundred Crore only). The Board of Directors of the Bank will consider the proposal to issue and allot the above Securities through Circular Resolution.

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