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Summary by AI BETAClose X

Axis Bank Limited announced the completion of a preferential issue of equity shares by its wholly-owned subsidiary, Axis Finance Limited (AFL), to Kedaara Pearl Holding and Kedaara Capital Fund IV AIF on July 13, 2026. Following this issuance, AFL is no longer a wholly-owned subsidiary, with Axis Bank now holding 94.92% of its paid-up equity share capital, while remaining its holding company and promoter.

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