AXIS Bank to consider share allotment
AXIS Bank to consider share allotment >A meeting of the Committee of Directors (CoD) of the AXIS bank (Q, N,C,F)* will be held on Sep. 18, 2007, to consider allotment of equity shares under ESOP. Last month, the bank allotted 481,691 equity shares of Rs 10 each to the employees of the bank, under ESOP. Accordingly the paid up share capital of the bank increased to 356,223,999 equity shares from 355,742,308 equity shares.
The bank registered substantial jump of 45.15% in earnings for the quarter ended June 2007. During the qua rter, the profit rose Rs 1,749.80 million from Rs 1,205.50 million, in the corresponding quarter, last year.
The interest income for the quarter jumped 61.12%, to Rs 15,369.7 million, compared with the corresponding quarter, a year ago.
Shares of the company were last trading up Rs 8.7 , or 1.34%, to Rs 658.05. The total volume of shares traded were 120,139 at the BSE.(Monday ).
