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In eight bundles there was 27 grams of synthetic

“We believe this fundraising in this environment would be positive for Axis bank. At base price Tier I to increase approximately 150bps, net worth to gain 11.6 percent, and Book value to increase by 2.9 percent. In uncertain times adequate capital adequacy (CAR) will provide comfort to investors,” said Jaikishan Parmar, Senior Equity Research Analyst, Angel Broking.”Currently, Axis bank trades lower valuation compared to the historical average.

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