Axis Bank eyes Rp100bn from share placement

By Jonathan Breen
05 Aug 2020

Indian private sector lender Axis Bank is set to price a qualified institutional placement worth up to Rp100bn ($1.34bn).

An eight-strong syndicate led by its own investment banking arm Axis Capital kicked off bookbuilding for the QIP on Tuesday evening. The floor price for the offer is Rp442.19 per share.

The price represents a 3% premium to the stock’s last close at Rp429.15. The bookrunners have the ...

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