Axis Bank to raise upto 150 billion rupees via debt securities

MUMBAI (Reuters) - India's Axis Bank is to seek shareholders' approval to raise up to 150 billion rupees ($2.42 billion) by issuing long-term bonds or non-convertible debentures to select investors, it said in a filing to exchanges.

($1 = 61.9650 Indian rupees)

(Reporting by Abhishek Vishnoi; Editing by Robin Pomeroy)