REUTERS - Axis Bank(AXBK.NS) said on Thursday it has raised a total of 55.4 billion rupees through the sale of shares, in the biggest equity deal in more than a month in Asia's third-largest economy.
The bank raised 47.3 billion rupees by selling shares to institutional investors, while the rest of the amount was raised via sale to some existing shareholders.
Axis Bank had launched the offering late on Monday.
(Reporting by Aradhana Aravindan; Editing by Anand Basu)
Trending On Reuters
Earthquake Strikes Nepal
An earthquake measuring 7.9 magnitude, and only 2 km deep, struck east of Pokhara in Nepal on Saturday causing buildings in the capital Kathmandu to collapse, injuring many and leaving a pall of dust over the city, witnesses said. Full Article
RBI chief Rajan calls for formal financing routes for farmers - report Full Article
India to host Afghan leader, seeks to regain ground lost to China, Pakistan Full Article