Comments
The board of directors of Axis Bank on Thursday approved issuance of long-term bonds/non-convertible debentures up to Rs 6,000 crore on a private placement basis.
The bank will seek the approval of shareholders by way of postal ballot.
Currently, promoters hold 29.17 per cent stake in Axis Bank, while foreign institutional investors control 48.38 per cent stake.
Shares of Axis Bank jumped 2 per cent at Rs 401.65
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.