RSS Feed
Twitter
12:07 PM
Blogger
Axis Bank Ltd plans to raise resources by issuing debt instruments on private placement basis.
The bank, in its notification to the stock exchanges, however did not indicate the quantum of funds it has proposed to raise.
The board of directors on Friday approved borrowing/raising funds by issuing debt instruments on private placements basis within the limits prescribed by the RBI and other regulatory authorities from eligible investors, in one or more tranches, the bank said.
Accordingly, as per the business plan for the year, Axis Bank has planned to raise the funds in domestic and/or overseas market, eligible for inclusion in tier I and tier II capital and the instruments will be listed on the NSE/BSE/or any other stock exchange, if needed, the bank said.
The bank, in its notification to the stock exchanges, however did not indicate the quantum of funds it has proposed to raise.
The board of directors on Friday approved borrowing/raising funds by issuing debt instruments on private placements basis within the limits prescribed by the RBI and other regulatory authorities from eligible investors, in one or more tranches, the bank said.
Accordingly, as per the business plan for the year, Axis Bank has planned to raise the funds in domestic and/or overseas market, eligible for inclusion in tier I and tier II capital and the instruments will be listed on the NSE/BSE/or any other stock exchange, if needed, the bank said.
0 comments:
Post a Comment