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Axis Bank Ltd. - Outcome of Board Meeting

| Updated on July 20, 2019 Published on July 20, 2019

Axis Bank had informed that a meeting of the Board of Directors of the Bank, will be convened on 20th July 2019, to inter alia, consider raising of funds by issue of equity shares and/or convertible securities linked to equity shares etc., through permissible mode at an appropriate time.

In this connection, please take note that the Board of Directors of the Bank, at their meeting held today has approved raising of funds aggregating upto Rs. 18,000 crore, through 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 as may be considered appropriate, subject to shareholders approval through Postal Ballot Process, in relation to the above fund raising proposal.

Pdf Link: Axis Bank Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on July 20, 2019
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