Axis Bank to raise ₹5,000 crore via NCD issuance
after close1 source ↓written by the desknot a recommendation
- through the issuance
- ₹5,000 crore
Axis Bank plans to raise ₹5,000 crore through the issuance of Non-Convertible Debentures (NCDs). The offering includes a base issue of ₹2,000 crore with a green shoe option of ₹3,000 crore, aimed at private placement. This move is expected to enhance the bank's capital base and support future growth initiatives.
Not investment advice. For informational purposes only.