(20 second reading) Private equity firm Bain Capital is set to sell 1.08% stake, or 33.37 million shares, of Axis Bank worth Rs. 3,575 crore Tuesday through an open market transaction, showed a term sheet issued by BofA Securities,
The offer price has been fixed in the range of 1,071.0 to 1,076.05 per share, representing a modest discount at best to Monday’s closing price of 1,076.05 per share. BofA Securities India is the sole book-runner for the deal.