ALLOTMENT OF UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES (BASEL- III COMPLIANT TIER 2 DEBENTURES) (SERIES 27) OF THE FACE VALUE OF RS.10 LAKH EACH FOR CASH AT PAR AGGREGATING TO Rs. 5000 CRORES (RUPEES FIVE THOUSAND CRORE ONLY) ON A PRIVATE PLACEMENT BASIS
Further to our letter no. AXIS/CO/CS/213/2017-18 dated 12.06.2017, relating to Prior Intimation Regarding Issue of Non-Convertible Debt Securities', we are pleased to inform that the Board of Directors of the Bank have today approved the allotment of 50,000 Unsecured Redeemable Non-Convertible Subordinated Debentures, Basel- III Compliant Tier 2 Debentures (Series 27) of the face value of Rs.10 lakh each for cash at par aggregating to Rs. 5,000...15-06-2017