Per The term Sheet, Bain Capital Would Sell Its $429 Million Interest In Axis Bank In India

On Tuesday, a new tab will be opened by Bain Capital, which aims to sell a $429 million stake in Indian private lender Axis Bank. 

Selling Million Shares

With Tuesday’s stake sale, the private equity firm—which initially bought bank shares in November 2017—will sell all of its interests, according to a person with knowledge of the situation.

According to the term sheet, Bain Capital will sell roughly 33.40 million shares of the lender, or more than 1% of the company, at an offer price between 1,071 and 1,076.05 rupees per share.

Per the term sheet, Bain Capital would sell its $429 million interest in Axis Bank in India.On Tuesday, a new tab will be opened by Bain Capital, which aims to sell a $429 million stake in Indian private lender Axis Bank.

According to the term sheet, Bain Capital will sell roughly 33.40 million shares of the lender, or more than 1% of the company, at an offer price between 1,071 and 1,076.05 rupees per share.