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Axis Bank board approves Rs 55,000 crore fundraise via mix of debt and equity
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Axis Bank on Wednesday announced that its board has approved the raising of funds worth Rs 55,000 by way of a mix of debt and equity.
Of the total approved plan, the lender will raise around Rs 35,000 crore through issue of various debt instruments including long term bonds, masala bonds, sustainable, optionally/compulsorily convertible debentures among others.
The remianing Rs 20,000 crore will be by issue of equity shares or related securities.
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