AXIS Bank's board approves allotment of debentures

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Updated: 16/06/2009 | 12:00 AM IST

Banking

Capital Market

Tuesday, June 16, 2009 (New Delhi)

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The board of AXIS Bank has passed a resolution approving allotment of unsecured redeemable non-convertible subordinated debentures on private placement basis as the bank's lower tier II capital aggregating to Rs 2000 crore. The debentures are issued as per the term sheet attached. The debentures will be listed on The Bombay Stock Exchange (BSE) and The National Stock Exchange (NSE) in India.

The bank made this announcement during the trading hours today, 16 June 2009.