Axis Bank’s board will meet on April 25, 2026, to explore options for raising funds through the issuance of equity shares or other permissible instruments, subject to necessary approvals.
As per the exchange filing, on Thursday, April 16, the board will consider multiple routes, including equity shares, depository receipts such as ADRs and GDRs, qualified institutional placement (QIP), preferential allotment, or a combination of these methods.
It will also evaluate raising funds via debt instruments, including bonds and non-convertible debentures, in both Indian and foreign currency.
Alongside fundraising plans, the bank informed that the board will take up approval of audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. It will also consider recommending a final dividend for the financial year, if any.
The bank Axis Bank had reported a net profit rise of 3% year-on-year (YoY) to ₹6,489.6 crore in Q3 FY26, better than the CNBC-TV18 poll estimate of ₹6,046 crore. The private sector lender had posted a profit of ₹6,304 crore in the year-ago period.
Also Read: Wipro Q4 Results: Q1 revenue growth pegged at -2% to 0%; Board approves ₹15,000 crore buybackIts net interest income (NII), a key gauge of core lending performance, grew 5% YoY to ₹14,286.4 crore, compared with ₹13,606 crore in the corresponding quarter last year.
Shares of Axis Bank ended at ₹1,350 on April 16, down ₹5.50 or 0.41% from the previous close. The stock saw a marginal decline in a muted trading session.
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