Oct 19, 2016, 10.35 PM | Source: PTI
Axis Bank today said it proposes to raise Rs 5,000 crore through debentures to fund business expansion.
The bank proposes to raise funds by issuing Senior Unsecured Redeemable Non-Convertible Debentures of Rs 10 lakh each for cash at par aggregating to Rs 5,000 crore, Axis Bank said in a regulatory filing on stock exchanges.
The board will consider the proposal to issue and allot these securities through circular resolution, it said.
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