Bain Capital has sold its stake in India's Axis Bank for $429 million, with the sale price at 1,071 rupees per share. The stake sale amounted to 1.08% of Axis Bank's equity, raising Rs 3,574 crore. The deal is seen as a significant move in the financial sector.
Private Equity Major Bain Capital Sells 1.08 pc Stake in Axis Bank for Rs 3,574 Crore https://t.co/xcHNjCu6x1
Bain Capital raises $429 mln with Axis Bank stake sale, source says https://t.co/mHViva30sL https://t.co/eJJNL9mbgx
⚠️ BAIN CAPITAL SELLS AXIS BANK STAKE, RAISES $429 MILLION, SOURCE SAYS Full Story → https://t.co/GnE46mBOCk Bain Capital has sold its Axis Bank stake at 1,071 rupees ($12.87) per share to raise $429 million, according to a source with direct knowledge of the matter. https://t.co/z0WcG2C2VL
Axis Bank BLOCK DEAL today: BUY, SELL or HOLD stock after Bain Capital offloads over 1% stake https://t.co/xnb2EEXHtj
Just In | Axis Bank - 1.1% Equity block deal @AxisBank https://t.co/MIG7U530fp
Bain Capital exits India’s Axis Bank with $429m stake sale https://t.co/o2sV7bUNej
Bain Capital to sell $429 mln stake in India's Axis Bank, term sheet shows https://t.co/vLHANf8yhV https://t.co/VRgJ5KHcu2