AXIS Bank has announced that the bank on 24 September 2009 has made allotment of 3,30,44,500 equity shares at the rate of Rs 906.70 per share inclusive of premium of Rs. 896.70 per share by way of Qualified Institutional Placement (QIP) to QIBs.
The bank has also allotted 50,55,500 Global Depositary Receipts (GDRs), each GDR representing one (1) underlying fully paid up equity share at the rate of Rs. 906.70 per share inclusive of premium of Rs. 896.70 per share to investors and 39,76,632 equity shares to Life Insurance Corporation of India and The New India Assurance Company at the rate of Rs. 906.70 per share inclusive of premium of Rs. 896.70 per share.
The bank made this announcement after the trading hours on 24 September 2009.
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