Axis Bank to raise up to Rs 10,000 crore via QIP

Mumbai: Private lender Axis Bank has launched its qualified institutional placement (QIP) on Tuesday to raise up to Rs 10,000 crore.

The banks is likely to raise around Rs 10,000 crore, ET Now said on Tuesday, adding that Bain Capital may get preferential allotment.

Bankers and lead managers for this issue are Axis Capital, UBS, Credit Suisse, the ET Now report said. In a stock exchange filing, the bank said it had fixed a floor price of Rs 442.19 per share.

Earlier in the day, Axis Bank shares closed 2.77 per cent higher at Rs 428.90 per share.

Last month, private sector lender reported a 19 per cent year-on-year fall in net profit at Rs 1,112 crore for June quarter.