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Axis Bank to raise upto 150 billion rupees via debt securities

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Reuters MUMBAI

MUMBAI (Reuters) - India's Axis Bank is to seek shareholders' approval to raise up to 150 billion rupees ($2.42 billion) by issuing long-term bonds or non-convertible debentures to select investors, it said in a filing to exchanges.

($1 = 61.9650 Indian rupees)

(Reporting by Abhishek Vishnoi; Editing by Robin Pomeroy)

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First Published: Feb 07 2015 | 4:38 PM IST

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