THE LENDER TO RAISE MONEY

Axis Bank BSE Code:532215 CMP: ₹545

Dalal Street Investment Journal - - KERBSIDE -

One of the coun­try’s big­gest pri­vate sec­tor banks, Axis Bank, holds nearly 8% weigh­tage in the Bank Nifty in­dex. The bank, with mar­ket cap of nearly ₹1.26 lakh crore, is plan­ning to raise funds by is­sue of eq­uity-linked se­cu­ri­ties. The move would be con­firmed in its up­com­ing board meet­ing sched­uled on Novem­ber 10. Bain Cap­i­tal is al­ready in talks to in­vest USD 75-100 crore, i.e. be­tween ₹4800-6400 crore. This may be one of the largest pri­vate eq­uity in­vest­ments so far in any bank­ing trans­ac­tion.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.