Moneycontrol
Oct 19, 2016 10:34 PM IST | Source: PTI

Axis Bank proposes to raise Rs 5,000 cr via debentures

Axis Bank today said it proposes to raise Rs 5,000 crore through debentures to fund business expansion.

 
 
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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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