New Delhi, Aug 11 (PTI) Private sector lender Axis Bank on Tuesday said it has raised Rs 10,000 crore through allotment of equity shares to qualified institutional buyers (QIB).

Last week, Axis Bank had set a floor price of Rs 442.19 per equity share for its proposed Rs 15,000-crore qualified institutional placement (QIP).

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"The committee of whole-time directors of the bank at its meeting held today (Tuesday), has considered and approved the allotment of 238,038,560 equity shares at a price of Rs 420.10 per equity share (including a premium of Rs 418.10 per equity share),” Axis Bank said in a regulatory filing.

This takes into account a discount of 5 per cent, to the floor price of Rs 442.19 per equity share, aggregating to Rs 10,000 crore, to successful eligible qualified institutional buyers, it stated.

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The board of the bank had last month approved the Rs 15,000 crore fund raise plan. The QIP was okayed by shareholders at the annual general meeting held on July 31, 2020, the bank said.

Shares of Axis Bank were trading 2.53 per cent higher at Rs 441.85 apiece on BSE. PTI SVK ANS ANS 08111108 NNNNe because the team technically retains it until a new one is chosen and approved.

Native American advocates and experts have long criticized the name they call a “dictionary-defined racial slur.”

Over a dozen Native leaders and organizations wrote to NFL Commissioner Roger Goodell last week demanding an immediate end to Washington's use of the name.

Goodell, who has fielded questions on the topic for years, said he supported the review.

Protests against the name predate Snyder buying the team in 1999, and, until now, he had shown no willingness to consider a change. Strong words from sponsors — including a company run by a minority stakeholder of the team — changed the equation.

FedEx earlier this month became the first sponsor to announce it had asked the organization to change the name, particularly important because CEO Frederick Smith owns part of the team. FedEx paid $205 million for the long-term naming rights to the team's stadium in Landover, Maryland.

The lease at FedEx Field expires in 2027, and dropping the name keeps open various possibilities in Maryland, Virginia and Washington for the team's new stadium and headquarters. District of Columbia Mayor Muriel Bowser has said the name was an “obstacle” to Snyder building on the old RFK Stadium site, which is believed to be his preference.

The team recently started cutting ties with racist founder George Preston Marshall, removing his name from the Ring of Fame and renaming the lower bowl at FedEx Field for the team's first Black player, late Hall of Famer Bobby Mitchell. Marshall, who renamed the Boston Braves the Redskins in 1933 and moved the team to D.C. four years later, was a segregationist and the last NFL owner to integrate his team.

The current logo shows the profile of a red-faced Native American with feathers in his hair.

Major League Baseball's Atlanta Braves and the National Hockey League's Chicago Blackhawks have said they have no inclination to change their names. Some advocates would like to see all Native American names, mascots and imagery out of sports.

Long removed from the glory days of winning Super Bowl titles in the 1982, 1987 and 1991 seasons under coach Joe Gibbs, Washington's NFL team has just five playoff appearances in 21 years and no postseason victories since 2005. The team has lacked a nationally marketable player since Robert Griffin III's short-lived stardom, and the 2020 schedule features zero prime-time games for a franchise that used to be a draw.

Re-branding with a new name and logo — and perhaps the same burgundy and gold colors — coupled with turning football operations over to Rivera could be a boon for Snyder on and off the field. Even if a segment of the fan base opposes the change in the name of tradition, winning would more than make up for those losses. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)