Axis Bank shares edge lower amid block deal; Bain Capital likely seller
The U.S.-based private equity firm Bain Capital looks to exit from Axis Bank by selling its remaining stake at ₹1,071- ₹1,076.05 per share via block deal today.
The U.S.-based private equity firm Bain Capital looks to exit from Axis Bank by selling its remaining stake at ₹1,071- ₹1,076.05 per share via block deal today.
Bain Capital is reportedly looking to sell another 1.1% stake worth $444 million in Axis Bank at a floor price of ₹1,109 per share.
Bain will buy out 100% of the Adani family’s private investments in Adani Capital, while Gaurav Gupta will continue to serve as MD and CEO
U.S. based private investment firm Bain Capital is likely to sell its stake worth $267 million at a floor price range of ₹966-₹977.70 per share via block deal.
Bain Capital to sell a 1.24% stake in Axis Bank at a floor price of ₹888 per share, a discount of 2% to Monday’s closing price.
The philanthropic arm of the Chandra family, Harsh Mariwala and the Marico Innovation Foundation will offer grants worth ₹2.5 crore to scale innovative ideas.