Investment18 Mar 2026, 10:21 am
AXIS Bank to Infuse Rs. 1,500 Crore in Axis Finance Limited by March 2027
AI Summary
AXIS Bank Ltd. has announced its intention to infuse Rs. 1,500 crore in its wholly owned subsidiary, Axis Finance Limited, by subscribing to the Rights Issue of AFL before March 31, 2027. The proposal was approved by the Acquisitions, Divestments and Merger Committee of the Board of Directors on March 18, 2026, and has received approval from the Reserve Bank of India. The investment is expected to support the growth of Axis Finance Limited.
Key Highlights
- AXIS Bank to invest Rs. 1,500 crore in Axis Finance Limited by March 2027
- Investment approved by the Acquisitions, Divestments and Merger Committee of the Board of Directors
- Approval received from the Reserve Bank of India
- Investment aimed at supporting the growth of Axis Finance Limited
- Axis Finance Limited is a Non-Banking Financial Company (NBFC)