Axis Bank rose as much as 3.7 per cent to its highest intraday level in more than two years today, as dealers cited good demand for a share sale of up to $1 billion.
The private sector lender on Monday was planning to raise as much as $1 billion through a qualified institutional placement, sources with direct knowledge of the matter said. Axis Bank shares were up 4.30 per cent at Rs 1475.90.
