Axis Bank Raises Rs 10,000 Crore Through Sale of Shares

Axis Bank said on Tuesday that it raised Rs 10,000 crore through allotment of equity shares to qualified institutional buyers (QIB) on August 10 at a price of Rs 420.10 per share. The shares were issued at a discount of 5 per cent (i.e. Rs. 22.09 per equity share) to the floor price of Rs 442.19 per equity share, aggregating to Rs 10,000 crore. Axis Bank, however, did not disclose the names of the investors.