Sunday, June 8, 2008

AXIS Bank - Raising of Tier II Capital on Private Placement Basis

AXIS Bank Ltd has informed that the Board of Directors of the Company at its meeting held on June 06, 2008, inter alia, have approved borrowing an amount of upto Rs 6520.24 crores in one or more tranches by way of Upper Tier II Capital in Indian / Foreign Currencies and / or Lower Tier II Capital in the form of Sub-ordinate Debenture.

No comments: