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.

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