Bain Capital bought its 1.08% stake in Axis Financial institution – India TV Hindi

personal Fairness investor Bain Capital on Tuesday bought 1.08 per cent stake in Axis Financial institution for Rs 3,574 crore by way of an open market transaction. Mirai Asset Mutual Fund (MF), ICICI Prudential MF, ICICI Prudential Life Insurance coverage Firm, Norges Financial institution, Morgan Stanley Asia Singapore PTE, Societe Generale, Blackstone, BofA Securities Europe SA purchased shares of Axis Financial institution in these offers. On Tuesday, Axis Financial institution shares closed with good points.

Offered at Rs 1,071 per share

Bain Capital, by way of its associates BC Asia Investments-7 Ltd and Integral Investments South Asia-4, bought over 3.33 crore shares or 1.08 per cent stake in Axis Financial institution on the Bombay Inventory Change. These shares had been bought at a mean worth of Rs 1,071, taking the full worth of the deal to Rs 3,574.46 crore.

There was an increase within the shares

Axis Financial institution shares closed at Rs 1,080.75 on Tuesday with an increase of 0.52 per cent or Rs 5.55 on BSE. It touched a excessive of Rs 1094 and a low of Rs 1071.35 throughout buying and selling. The 52 week excessive of this share is Rs 1151.50. Whereas, 52 week low is Rs 844.05. The market cap of the corporate closed at Rs 3,33,581.09 crore on BSE on Tuesday.

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