Bain Capital in talks with Axis Bank to invest around $1 bn | Business

Oct 31, 2017, 11:02 IST

Bain Capital is in advanced talks with Axis Bank to invest between $750 million and $1 billion, in what could be one of the largest private equity investments in the Indian banking sector. India’s third-biggest private lender is in talks to raise money amidst worsening asset quality and regulatory glare. Bain’s proposed investment will come as a primary issuance of shares through a preferential allotment that will allow the PE fund to own up to 5% of Axis.