Axis Bank to allot debentures worth Rs4,175cr

Axis Bank to allot debentures worth Rs4,175cr
Axis Bank approved the allotment of 41,750 Senior Unsecured Redeemable Non-Convertible Debentures of the face value of Rs10 lakh each (Debentures), for cash, at par aggregating to Rs4,175cr at coupon rate of 7.65% p.a. on a private placement basis.

The debentures are rated "AAA/Stable" by CRISIL and "AAA/Stable" by ICRA. 

Stock View:

Axis Bank Ltd is currently trading at Rs731.80 down by Rs3.55 or 0.48% from its previous closing of Rs735.35 on the BSE.
The scrip opened at Rs739.30 and has touched a high and low of Rs739.30 and Rs727.50 respectively. So far 24,91,441 (NSE+BSE) shares were traded on the counter.

The current market cap of the company is Rs2,07,354.78cr.

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