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Why Axis Bank stock plunged over 4% today - Explained
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₹10,000 crore via qualified institutional placement (QIP). "In this regard, we would like to inform you that the article with regard to Axis Bank tapping the market to raise funds through a QIP in the coming weeks and a decision to this effect may be taken at the board meeting ahead of the results is purely speculative and factually incorrect,'' said Axis Bank in its exchange filing.
Shares of Axis Bank opened at ₹1,036.95 on the BSE, plunging over 5 per cent to touch an intra day low of ₹988.30 on the BSE. On Wednesday, Axis Bank shares settled 4.38 per cent lower at ₹994.40 apiece on the BSE.
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