Talwar Thakore advise on 2009s largest QIP- Axis Bank raises 3490 crores

Talwar Thakore and Associates are advising Axis Bank in raising equity by means of Qualified Institutional Placements (QIPs) and Global Depository Receipts (GDRs). Axis bank has raised Rs. 3,490 crores ($720 million) in total, Rs.3,007 crores ($625 million)from its QIP and Rs. 456 crores ($95 million) through GDRs. In addition, the bank plans to raise Rs. 384 crores ($80 million) from its promoters, bringing the entire transaction value to Rs. 3,880 crores ($800 million).