AXIS Bank Ltd

📊 Axis Bank Subsidiary AFL Raises Capital from Kedaara Investors

• Axis Finance Limited (AFL) approved preferential issue of equity shares to Kedaara Pearl Holding and Kedaara Capital Fund IV AIF.

• Kedaara Pearl Holding receives 4,14,90,391 shares; Kedaara Capital Fund IV AIF receives 19,09,600 shares.

• Price per share set at ₹172.81.

• Axis Bank's stake in AFL reduces from 100% to 94.92% post-transaction.

• Axis Bank remains holding company and promoter of AFL.

• Investor rights include pre-emptive rights, tag-along rights, and consent requirements for certain AFL decisions.

• Transaction does not grant control over AFL or impact Axis Bank's management.

• Agreement executed on April 25, 2026, subject to customary conditions and regulatory approvals.