InvestorQ : Why is Bain Capital selling out of Axis Bank?
swati Bakhda made post

Why is Bain Capital selling out of Axis Bank?

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Sam Eswaran answered.
4 weeks ago
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Bain Capital sold 1.24% stake in Axis Bank worth Rs3,350 crore. The sale was done on the BSE through the block deal window. The floor price for the deal has been pegged at Rs888 per share, which is 2% below the CMP and resulted in a sharp fall in the stock price. Bain Capital had bought Axis Bank stake in 2017 at an average price of around Rs550, so Bain is making a ROI on its investment. Total holding of Bain Private Equity in Axis Bank was 4.24%, so they will retain 3% in Axis Bank even after the sale.

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