India's Axis Bank ropes in i-banks for $1.6b share sale

India's Axis Bank ropes in i-banks for $1.6b share sale

People on a motorcycle ride past an Axis Bank Ltd. branch in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg

Axis Bank Ltd has hired investment banks UBS, Credit Suisse and BNP Paribas and its in-house unit Axis Capital to manage its proposed share sale, which could see the private lender raise as much as ₹12,000 crore, three people aware of the development said.

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