Investment25 Apr 2026, 05:41 pm

Axis Bank: Subsidiary AFL's ₹71.6 Cr Preferential Issue

AI Summary

The Board of Directors of Axis Bank has approved a preferential issue of equity shares by its wholly-owned subsidiary, Axis Finance Limited (AFL), to Kedaara Pearl Holding and Kedaara Capital Fund IV AIF. The investors will collectively invest ₹71.6 Cr in AFL. Post-issue, Axis Bank will hold 94.92% of AFL's equity shares, remaining its holding company and promoter. The transaction is subject to customary conditions and regulatory approvals. An investor agreement has been executed among Axis Bank, AFL, and the investors.

Key Highlights

Axis Bank's board approved AFL's preferential issue to Kedaara Pearl Holding and Kedaara Capital Fund IV AIF.
AFL will issue equity shares to raise ₹71.6 Cr from the investors.
Post-issue, Axis Bank will hold 94.92% of AFL, remaining its holding company.
The investor agreement includes pre-emptive and tag-along rights for the investors.
The transaction is subject to customary conditions and regulatory approvals.

View BSE Filing

AXISBANK

Private Sector Bank

AXIS BANK LTD.

Price Impact