(Reuters) -Axis Bank plans to raise up to 50 billion rupees ($559 million) on a private placement basis, the Indian lender said on Friday, as a part of its previously announced 350 billion-rupee fundraise via debt securities.
The company is looking to raise 20 billion rupees through debentures, with an additional 30 billion rupees available through a green shoe option.
($1 = 89.4500 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)
