Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Spark Capital Advisors(India) Private Limited
$92.00
Provider: Spark Capital Advisors(India) Private Limited
$92.00

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Axis Bank Ltd To Raise Up To $1 Billion Via Share Sale-Reuters


Monday, 28 Jan 2013 08:22am EST 

Reuters reported that Axis Bank Ltd is selling shares to raise as much as $1 billion, two sources with direct knowledge of the matter said on January 28, 2013. The bank is selling up to 34 million shares to institutional investors at 1,390 rupees a share to raise as much as $877 million, said the sources. Separately, Axis is also raising up to $152 million by allotting up to 5.9 million shares on a preferential basis at 1,390 rupees a share, said the sources, adding the bank would raise a total of about $1 billion from the two tranches.