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Business News/ Market / Stock-market-news/  Axis Bank to seek shareholder nod to issue Rs35,000 crore
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Axis Bank to seek shareholder nod to issue Rs35,000 crore

The bank aims to raise the amount in the current fiscal year by selling bonds

The bank is a regular borrower in the local and international market. Photo: BloombergPremium
The bank is a regular borrower in the local and international market. Photo: Bloomberg

Mumbai: Axis Bank Ltd will seek approval from its shareholders at the annual general meeting on 24 July to raise up to 35,000 crore in the current fiscal year by selling bonds, the bank said in a statement to stock exchanges.

The bank is a regular borrower in the local and international market. Such AGM resolutions are common every year and are valid till the next AGM.

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Published: 01 Jul 2015, 09:39 PM IST
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