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Axis BankAnnouncement

20/12/2021 07:01

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RNS Number : 1684W  Axis Bank Limited  20 December 2021

AXIS/CO/CS/493/2021-22

 

December 20, 2021

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 with reference to our letter no. AXIS/CO/CS/27/2021-22 dated April 27,
2021, wherein we had informed that the Board of Directors of Axis Bank Limited
(the "Bank") at its meeting held on April 27, 2021, had authorized the Bank to
borrow/raise funds in Indian currency/ 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
the guidelines issued by the Reserve Bank of India, from time to time, up to
an amount of Rs. 35,000 crores (Rupees Thirty Five Thousand crores only) in
domestic and overseas markets, in one or more tranches in terms of Section 42
of the Companies Act, 2013 read with relevant rules notified thereunder, the
Securities and Exchange Board of India (Issue and Listing of Debt Securities)
Regulations, 2008 [now Securities and Exchange Board of India (Issue and
Listing of Non-convertible Securities) Regulations, 2021] and the Listing
Regulations, subject to the approval of the Shareholders of the Bank at the
27(th) Annual General Meeting of the Bank ("AGM").

 

We also refer to our letter no. AXIS/CO/CS/195/2021-22 dated July 30, 2021
wherein we had informed that all the resolutions as set out in the Notice
convening the AGM dated July 2, 2021, have been passed by the Shareholders
with the requisite majority, at their 27(th) AGM held on July 30, 2021.

 

We now wish to inform you that the Bank proposes to raise funds by issuing
Senior Unsecured Taxable Redeemable Non- Convertible Debentures (Series - 6)
of Rs.10 Lakh each for cash at par with base issue size of Rs. 2,000 Crore
(Two Thousand Crore) and Greenshoe option to retain oversubscription of Rs.
3,000 Crore (Three Thousand Crore) thereby aggregating upto Rs. 5000 crore
(Rupees Five Thousand Crore only).

 

This is for your information and records.

 

Yours sincerely,

For Axis Bank Limited,

 

 

 

Puneet Sharma

President and Chief Financial Officer

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