%2012_02_2024..jpg?w=1200&auto=format%2Ccompress&ogImage=true&w=1200&resize=1200,900&ssl=1 "Date, Final Dividend Update, Earnings Call Schedule And More")
Axis Bank has announced that its Board of Directors will hold a meeting on Thursday, April 24, 2025. The meeting will focus on the approval of the bank’s financial results for the quarter and the financial year ended March 31, 2025.
The Board will also consider the recommendation of a final dividend for the financial year 2024-25. The decision will be subject to further approvals as required under applicable laws and regulations.
The lender informed the stock exchanges that the board is also expected to deliberate on proposals related to fundraising. This includes raising capital through the issue of equity shares, depository receipts or other convertible securities linked to equity.
The fundraising may be carried out through various routes such as Qualified Institutions Placement (QIP), American Depository Receipts (ADRs), Global Depository Receipts (GDRs), preferential allotment, or other permissible modes. Any such decision will require shareholder consent and other necessary regulatory approvals.
The bank may even consider raising funds through debt instruments, including bonds and non-convertible debentures (NCDs), in Indian or foreign currency.
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