Bain makes $179m partial exit from India's Axis Bank
Bain Capital has generated proceeds of INR 14.9bn (USD 179.7m) through a partial exit from Axis Bank, a listed Indian lender it first backed five years ago.
The private equity firm sold 16.7m shares for INR 891.38 apiece on November 1, according to exchange filings, reducing its holding from 4.24% to 3%. This represented a 1.6% discount to the previous close....
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