Axis Bank raised $720 mn via GDR and QIP

Axis Bank raised $720 mn from the Market through QIP and Global Depository Receipts. Issue was closed late on Thursday priced at 906.70 per share. The Bank will also raise money through prefrential issue from its promoter group LIC, GIC and other general Insurance Companies. SUUTI the largest Promoter which has a stake of 27.02% is not participating in the preferential Issue.
Free NSE Nifty Tips for Stocks

Related Pages :

1. Axis Bank post 32% growth in Q2
2. Sterlite Raised offer for Asarco
3. PNB to Pick Up Stake in Kazak Bank
4. Sterlite Raised 1.5$ billion via ADRs for Power