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| Exchange Disseminated Time 26/04/2016 17:39:43 | AXIS Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on April 26, 2016, has transacted the following:
- Borrowing Powers:
Authorized the Bank to borrow/ raise funds in Indian Currency / Foreign Currency by issue of debt Instruments including but not limited to bonds (including Green Bonds) and non-convertible debentures upto Rs. 35,000 crores (Rupees Thirty Five Thousand crores only), in terms of Section 42 of the Companies Act, 2013 read with Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014, the SEBI {Issue and Listing of Debt Securities) Regulations, 2008 and the Listing Regulations, subject to the approval of the Shareholders of the Bank at the 22nd AGM to be held on July 22, 2016.
- Merger of Axis Private Equity Limited with Axis Finance Limited
Approved the merger of Axis Private Equity Limited with Axis Finance Limited. Please note that the said entities are unlisted wholly owned subsidiaries of the Bank. |
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