Signals, Powered By EquityPandit
The private sector Axis Bank has raised Rs 1,500 crore through Basel complaint tier-II debentures.
The Board of Directors of Axis Bank has allotted these non-convertible subordinated debentures on private placement.
It said in a BSE filing ,”Allotted 15,000 unsecured redeemable non-convertible subordinated debentures (Basel-III Compliant Tier II debentures) of face value Rs 10 lakh each for cash at par aggregating to Rs 1,500 crore on a private placement basis.”
It further said that the debentures will be listed on the Wholesale Debt Market segment of the BSE and NSE.
