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Axis Bank Ltd Announces Issue Of Equity Shares

Monday, 4 Feb 2013 07:11am EST 

Axis Bank Ltd announced that in terms of the special resolution passed by the shareholders of the Bank through postal ballot on January 28, 2013 and in respect of the Preferential Issue in accordance with Chapter VII of the Securities and Exchange Board of India (issue of Capital and Disclosure Requirements) Regulations, 2009, the Committee of the Board of Directors has decided to issue and allot on February 04, 2013, 5,837,945 equity shares of face value INR10 each (Equity Shares) at a price of INR1,390 per Equity Share (including a premium of INR1,380 per Equity Share) aggregating to INR8,114.74 million, to the Promoters as per the details provided below; 4,240,450 Equity Shares to Life Insurance Corporation of India; 771,990 Equity Shares to General Insurance Corporation of india; 363,157 Equity Shares to National Insurance Company Limited; 353,102 Equity Shares to The New India Assurance Company Limited; and 109,246 Equity Shares to United India Insurance Company Limited. 

Company Quote

-10.95 -0.55%
25 Jul 2014