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axis bank: Axis Bank to increase up to Rs 10,000 crore by means of QIP

Mumbai: Personal lender Axis Bank has released its skilled institutional placement (QIP) on Tuesday to raise up to Rs 10,000 crore.
The banking institutions is probably to elevate around Rs 10,000 crore, ET Now stated on Tuesday, including that Bain Capital may get preferential allotment.
Bankers and guide supervisors for this issue are Axis Capital, UBS, Credit Suisse, the ET Now report said. In a stock exchange filing, the bank said it experienced preset a flooring price of Rs 442.19 per share.
Earlier in the working day, Axis Bank shares closed 2.77 for each cent better at Rs 428.90 for every share.
Last month, private sector lender claimed a 19 for each cent 12 months-on-12 months tumble in net profit at Rs 1,112 crore for June quarter.


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