Axis Bank raises Rs 2,430 cr from debentures

Private sector Axis Bank today said it raised Rs 2,430 crore from debentures to fund business growth.
The bank allotted 24,300 unsecured redeemable non- convertible subordinated debentures of the face value of Rs 10 lakh each for cash at par aggregating to Rs 2430 crore on a private placement basis, Axis Bank said in a statement.
The said debentures will be listed on the Wholesale Debt Market segment of the BSE and NSE, it said.