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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Axis Bank Ltd    AXISBANK   INE238A01034

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Axis Bank : to sell 9% stake to Bain Capital and others

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11/11/2017 | 12:31am CET

Axis Bank has received board approval to raise funds through issue of 17.3 cr equity shares (at Rs 525) and 4.5 cr convertible warrants (at Rs 565).Axis Bank has received board approval to raise funds through issue of 17.3 cr equity shares (at Rs 525) and 4.5 cr convertible warrants (at Rs 565). This will lead to 9% stake sale for Rs 11,625 cr. Bain capital (4.8% stake), Capital group (3% stake) and LIC (1.2% stake) are the main investors.

Axis Bank has delivered disappoi nting Q2FY18 results with its asset quality worsening and gross non-performing assets (NPA) increasing to 5.9% from 5.0 % in Q1FY18. Its net NPAs also increased to 3.1% in Q2FY18 vs 2.3% Q1FY18.

Axis Bank is the third-largest private bank in India with ~4% market share in deposits. The bank has a wide distribution reach comprising 3,304 branches and 14,163 ATMs as of March 2017.

Axis Bank Ltd ended at Rs 544.5, up by Rs 3.9 or 0.72% from its previous closing of Rs 540.6 on the BSE.

The scrip opened at Rs 538.5 and touched a high and low of Rs 549 and Rs 533.3 respectively. A total of 10408248(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 129641.6 cr.

(c) 2017India Infoline Ltd. All rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( INR)
Sales 2018 193 B
EBIT 2018 157 B
Net income 2018 46 537 M
Debt 2018 -
Yield 2018 0,85%
P/E ratio 2018 28,29
P/E ratio 2019 16,56
Capi. / Sales 2018 6,74x
Capi. / Sales 2019 5,80x
Capitalization 1 301 B
Chart AXIS BANK LTD
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Axis Bank Ltd Technical Analysis Chart | AXISBANK | INE238A01034 | 4-Traders
Technical analysis trends AXIS BANK LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 49
Average target price 550  INR
Spread / Average Target 1,3%
EPS Revisions
Managers
NameTitle
Shikha Sharma Chief Executive Officer, Director & MD
Cyril Anand President & Chief Risk Officer
Sanjiv Misra Non-Executive Chairman
Jairam Sridharan Group Executive & Chief Financial Officer
Amit Sethi Chief Information Officer
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