Private banking sector Axis Bank announced that Rs 10,000 crore equity has been raised by allocating equity shares to qualified institutional buyers (QIB). Last week, Axis Bank had fixed a price of Rs 442.19 per equity share for the proposal of Rs 15,000-crore qualified institutional placement (QIP). Total 238,038,560 equity shares were priced at Rs 420.10 per equity share.
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Equity shares of Axis Bank increase to Rs 10,000 crore
By The Thrive
August 12
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