Private equity player Bain Capital in talks to up stake in Axis Bank

Private equity (PE) player Bain Capital has held preliminary talks with Axis Bank to invest in a possible fresh issuance of shares by the bank. US-based Bain holds a 4.6 per cent stake in the lender.
 
However, it did not participate in the bank’s fund raising efforts last year, through which the lender raised $1.76 billion by selling shares to institutional investors including Singapore’s sovereign fund GIC. Before that, Bain’s shareholding stood at 5 per cent.
 
In 2017, the lender had approved and conducted a sale of 9 per cent stake to raise Rs 11,626 crore, in a