Date: July 14, 2026
Disinvestment / Strategic Actions
Axis Bank Limited completed the preferential issue of equity shares in its wholly-owned subsidiary Axis Finance Limited (AFL) to Kedaara Capital investors.
The transaction involved issuance of equity shares to:
- Kedaara Pearl Holding (KC Investor 1)
- Kedaara Capital Fund IV AIF (KC Investor 2)
Key transaction details:
- Completion date: July 13, 2026
- All conditions precedent under transaction documents were fulfilled
- Requisite regulatory approvals were obtained
- Post-transaction shareholding: Axis Bank holds 94.92% of AFL's paid-up equity share capital (reduced from 100%)
- Axis Bank continues as AFL's holding company and promoter
- AFL has ceased to be a wholly-owned subsidiary of Axis Bank
The disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and references previous communication dated April 25, 2026 (Letter no. AXIS/CO/CS/51/2026-27).
Other Operational / Legal / Strategic Disclosures
This communication serves as formal disclosure to:
- National Stock Exchange of India Limited
- BSE Limited
- London Stock Exchange (CC)
- Singapore Stock Exchange (CC)
The document is digitally signed by Sandeep Poddar, Company Secretary of Axis Bank Limited, on July 14, 2026 at 15:32:32 +05:30.