Bain Capital plans to sell $429M stake in Axis Bank, fully exiting the Indian lender.
Private equity firm Bain Capital plans to sell its $429 million stake in Axis Bank on Tuesday, marking its full exit from the Indian private lender. Bain Capital initially purchased shares in the bank in November 2017. The firm intends to sell approximately 33.4 million shares, representing over 1% of the lender's stake. The offer price for the shares is expected to range between ₹1,071 to ₹1,076.05 per share, with BofA Securities India as the sole bookrunner for the deal.
April 08, 2024
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