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Bain Capital sells 0.54% stake in Axis Bank for ₹1,487 crore
short by Bhawana Chaudhary / on Tuesday, 1 November, 2022
US-based private investment company Bain Capital on Tuesday sold 0.54% stake in Axis Bank. According to BSE data, 16.7 million shares were sold at ₹891.38 each, higher than the floor price of ₹888 set by the firm, taking the transaction size to ₹1,486.82 crore. As of September 2022, three Bain Capital affiliates held 4.24% stake in the lender.
read more at Moneycontrol