Axis Bank Subsidiary Completes Preferential Issue; Stake Diluted to 94.92%

AXIS Bank Ltd announced the completion of a preferential issue by its wholly-owned subsidiary, Axis Finance Limited (AFL), to Kedaara Pearl Holding and Kedaara Capital Fund IV AIF. The issuance of equity shares to the investors has been finalized on July 13, 2026, following the fulfillment of all preceding conditions and receipt of regulatory approvals. Consequently, AFL is no longer a wholly-owned subsidiary of AXIS Bank. The bank's shareholding in AFL has reduced to 94.92%, though it continues to be the holding company and promoter.