Bain Capital held a 4.24% stake in
by means of its three funds – BC Asia Investments VII, BC Asia Investments III, and Integral Investments South Asia IV – as on September 30, 2022.
In November 2017, Boston-headquartered Bain led a consortium that invested $1.8 billion (Rs 11,626 crore) of “confidence capital” within the personal lender to assist shore up Axis Financial institution’s capital base after a string of disappointing earnings. The problem worth of fairness shares was Rs 525 per share, whereas the problem worth of convertible warrants was Rs 565 per share. Bain Capital invested round Rs 6,854 crores in the course of the personal sector financial institution’s fundraising program.
Bain Capital and JP Morgan didn’t reply to ET’s question. The federal government offered 1.95% of Axis Financial institution in Might final 12 months to boost about Rs 4,000 crore. These shares had been held by Specified Enterprise of The Unit Belief of India (SUUTI).