Bain Capital to sell 1.08% stake worth Rs 3,575 crore in Axis Bank

April 9, 2024

Bain Capital acquired its stake in Axis Bank in November 2017. BofA Securities India is the sole bookrunner. In June, Bain Capital sold a 0.7% stake in Axis Bank at an average price of Rs 968 per share, aggregating Rs 2,178 crore. Prior to this, the private equity firm had sold a 1.2% stake in October 2022.

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Tata Motors launches tender offer for Iveco Group; deal values company at €3.82 billion

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ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

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