Diabytes
Axis Bank shares News
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Under the proposal, Axis Bank will raise Rs 35,000 crore through debt securities in Indian or foreign currency, while Rs 15,000 crore to be raised through issuance of equity shares or securities convertible into equity shares, Axis Bank said in a regulatory filing.
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The floor price for the offer has been fixed at Rs 689.52 per share.
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The stock was the biggest gainer among the bluechips on Sensex and Nifty.
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The benchmark Sensex fell as much as 0.44 percent to 32,464.40, while the Nifty looked set to snap a four-session win streak, losing as much as 0.49 percent to 10,184.35.
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At NSE, shares of the company dipped 2 percent to close at Rs 506.60.
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Shares of Axis Bank Thursday surged 5.5 percent, adding Rs 4,869 crore to its market valuation, after the company saw a 15 percent growth in its December quarter net profit.
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The government is mulling selling part of its stake in the nation`s third-biggest private sector lender, Axis Bank , Bloomberg TV reported on Thursday.
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Shares of Axis Bank Wednesday slumped over 7 percent, wiping out Rs 9,119 crore from its market valuation after the company's September quarter results sparked concerns related to impairments of assests.
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