Axis Bank raises $1 billion via share sale

Axis Bank said on Thursday it has raised a total of Rs 55.4 billion through the sale of shares, in the biggest equity deal in more than a month in Asia's third-largest economy.

The bank raised Rs 47.3 billion by selling shares to institutional investors, while the rest of the amount was raised via sale to some existing shareholders.

Axis Bank had launched the offering late on Monday.


  • India’s economic recovery has to be consumption, and not investment, led

    It is well accepted that falling global commodity prices, especially oil, have helped the Indian economy regain lustre in the past year or so.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Purnendu Ghosh

Too shy people love themselves too much

We are essentially shy people. Our extent of shyness, however, ...

Shona Adhikari

When nature and naturism have a date

DAG Modern has announced its forthcoming exhibition The Naked and ...


William D. Green

Chairman & CEO, Accenture