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India’s Axis Bank allots Rs. 30 billion of non-convertible debentures
By Wendy Van Sickle
Columbus, Ohio, Oct. 30 – Axis Bank Ltd.’s board of directors allotted Rs. 30 billion of senior unsecured redeemable non-convertible debentures, series 2, on Friday, according to a notice with the Bombay Stock Exchange.
The 30,000 debentures with a face value of Rs. 1 million each were issued on a private placement basis.
The bank is based in Mumbai.
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