Axis Bank top Sensex gainer as it raises funds worth $10 million

Shares of Axis Bank rose nearly 3% after the private sector bank informed the bourses that it has raised senior notes in the international market.

Reacting to the development, the stock gained as much as 2.6% to Rs 450 on the BSE, and was the leading Sensex gainer. 

On the BSE, 85 lakh shares exchanged hands on the counter as compared to its two-week average of 13 lakh shares.

Axis Bank said that its board of directors passed a resolution approving the allotment of 3 year senior floating rate notes aggregating to $10 million under the medium term note (MTN) programme through its