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Axis Bank Ltd Raises INR5,537 Crore (INR55.37 billion) Via Share Sale-Business Standard


Thursday, 31 Jan 2013 09:07am EST 

Business Standard reported that Axis Bank Ltd said it has raised INR5,537 crore (INR55.37 billion) by selling shares to institutional investors and certain promoters. Out of the total funds, the bank raised INR4,726 crore (INR47.26 billion) through qualified institutional placement (QIP). The QIP programme was managed by Citi, JP Morgan and Axis Bank.