REG - Axis Bank Ltd Axis Bank Ltd (144A) - Issuance of Non Convertible Debentures

Axis BankAnnouncement

01/03/2024 17:15

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RNS Number : 3389F  Axis Bank Limited  01 March 2024

 

 

AXIS/CO/CS/649/2023-24

 

March 1, 2024

 

Dear Sir(s),

 

 Sub:  Disclosure under Regulation 30 of the Securities and Exchange Board of India
       (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the
       "Listing Regulations")

 

This is in reference to our letter no. AXIS/CO/CS/53/2023-24 dated April 27,
2023, wherein Axis Bank Limited ("the Bank") had intimated that the Board of
Directors of the Bank at its meeting held on April 27, 2023, had authorized
borrowing/raising of funds in Indian / Foreign currency by issue of debt
Instruments including but not limited to long term bonds, non-convertible
debentures, perpetual debt instruments, AT 1 Bonds, infrastructure bonds and
Tier II capital bonds or such other debt securities as may be permitted under
RBI guidelines from time to time up to an amount of Rs. 35,000 crore (Rupees
Thirty Five Thousand Crore only) in terms of Section 42 of the Companies Act,
2013, the SEBI (Issue and Listing of Non-Convertible Securities) Regulations,
2021 and the Listing Regulations, subject to the approval of the members of
the Bank at the 29(th) Annual General Meeting of the Bank ("AGM").

 

We also refer to our letter no. AXIS/CO/CS/235/2023-24 dated July 28, 2023,
informing that all the resolutions (including the above) as set out in the
notice convening the AGM dated June 16, 2023, had been passed by the
shareholders with the requisite majority, at their 29(th) AGM held on July 28,
2023.

 

We now wish to inform you that the Bank proposes to raise funds by issuing
Fully Paid, Senior, Rated, Listed, Unsecured, Taxable, Redeemable, Long Term
Non-Convertible Debenture (Series -7) Base Issue size of Rs 1,000 crore
(Rupees One Thousand Crore) and green shoe option to retain oversubscription
of Rs 3,000 crore (Rupees Three Thousand Crore) thereby aggregating upto Rs.
4,000 Crore (Rupees Four Thousand Crore).

 

This is for your information and records.

 

Thanking You.

 

With warm regards,

 

For Axis Bank Limited

 

 

 

 

Sandeep Poddar

Company Secretary

http://www.rns-pdf.londonstockexchange.com/rns/3389F_1-2024-3-1.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/3389F_1-2024-3-1.pdf)

 

 

 

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