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MarketScreener Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Axis Bank    AXISBANK   INE238A01034

AXIS BANK (AXISBANK)
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Axis Bank : to sell 9% stake to Bain Capital and others

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11/11/2017 | 12:31am CEST

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 2019 225 B
EBIT 2019 178 B
Net income 2019 58 235 M
Debt 2019 -
Yield 2019 0,84%
P/E ratio 2019 25,93
P/E ratio 2020 14,60
Capi. / Sales 2019 6,64x
Capi. / Sales 2020 5,57x
Capitalization 1 494 B
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Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 625  INR
Spread / Average Target 6,9%
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
Samir Kumar Barua Independent Non-Executive Director
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