Bain Capital is looking to sell its entire stake in Axis Bank Ltd. through a block deal. The private equity giant is looking to exit via its entities Integral Investments South Asia IV, BC Asia Investments VII Ltd., and BC Asia Investments III Ltd. All three hold 83.5 lakh shares, 1.45 crore shares and 1.04 crore shares.
The block deal size is around $430 million. The floor price is in the range of Rs 1,071-Rs 1,076 per share, which is at a discount of 0.0%-0.47% to the last close of Rs 1,076.05 per share.