Axis Bank Limited has informed the Exchange about General Updates
AXISBANK · price
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Axis Bank's board committee has approved infusing Rs. 1,500 crore into its wholly-owned NBFC subsidiary, Axis Finance Limited (AFL), by subscribing to a Rights Issue. The investment will be made in cash, in one or more tranches, by March 31, 2027, and has already received RBI approval (letter dated March 10, 2026). Since AFL is already a 100% subsidiary, the bank's ownership will remain unchanged after the capital infusion. The capital is being provided as growth capital, with AFL reporting a turnover of Rs. 2,504 crore in H1 FY26, Rs. 4,296 crore in FY25, and Rs. 3,321 crore in FY24, showing strong revenue growth.
This is a capital injection into an existing wholly-owned subsidiary, so there is no change in ownership or EPS dilution. For shareholders, it signals the bank's commitment to growing its NBFC arm, which could boost future consolidated earnings, though the deployment of Rs. 1,500 crore is unlikely to have a material impact on Axis Bank's stock price in the short term.