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Bain Capital sells 16.7 million shares in Axis Bank for Rs 1,497 crore

Bain Capital sold nearly 16.7 million shares, equalling a 0.5 per cent stake in private sector lender Axis Bank

Topics
Bain capital | Axis Bank

Samie Modak 



Axis Bank

Private equity major on Tuesday sold nearly 16.7 million shares, equalling a 0.5 per cent stake in private sector lender .

The shares were sold at Rs 891.38 apiece for a total of Rs 1,487 crore by BC Asia Investments, according to the data provided by stock exchanges. Shares of last closed at Rs 871.75, down 3.8 per cent.

At the end of September 2022 quarter, BC Asia Investments held a 3.11 per cent stake in .


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First Published: Tue, November 01 2022. 22:19 IST

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