Axis Bank board to meet on Apr 25 to consider fundraising

The board will also approve the audited financial results for the January-March quarter.

PTI|

Mar 27, 2019, 05.11 PM IST

Reuters

Shares of Axis Bank closed at Rs 760.15 apiece, up 0.39 per cent on the BSE.

New Delhi: Private sector

Axis Bank

Wednesday said it will consider raising funds in Indian as well as foreign currency by issuing debt instruments at its two-day board meeting beginning April 25.

The board will also approve the audited financial results for the January-March quarter and the full fiscal 2018-19 which ends on March 31, Axis Bank said in a filing to the BSE.

The bank’s board will consider and approve “borrowing/raising funds in Indian currency/foreign currency by issue of debt instruments including but not limited to bonds and non-convertble debentures…,” it said.

Shares of Axis Bank closed at Rs 760.15 apiece, up 0.39 per cent on the BSE.

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Author: Prakash Poojary

Business Analyst

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