Axis Bank, private sector bank in India, shares gained on Thursday after the board of directors of the bank has approved issuance of long term bonds, non-convertible debentures upto Rs 60 billion on a private placement basis.

Shares of the bank are trading at Rs 397.80, up Rs 3.75, or 0.95% at the Bombay Stock Exchange (BSE) on Thursday at 1:24 p.m.

The scrip has touched an intra-day high of Rs 401.95 and low of Rs 393.35. The total volume of shares traded at the BSE is 227,938.