 "Axis Bank")
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.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
 "Microfinance")
 "Canara bank")
 "housing loan")
 "SBI, State Bank Of India")
 "gig worker gig economy skill")
