Bain Capital sells 0.7% stake in Axis Bank for Rs 2,178 crore, 50 FPIs lap up shares

June 15, 2023

It was the second time in less than a year that Bain Capital reduced its stake in the bank. Following the sale, Bain now holds around 1.3% stake in the bank’s capital. Morgan Stanley, Goldman Sachs, Kuwait Investment Authority, Hartford and Nomura were among the domestic and foreign institutions that bought stakes as part of the block deal.

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