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Bain Capital plans to invest up to $1 billion in Axis Bank

Bain Capital is planing to invest between USD 750 million and USD 1 billion in Axis Bank .

Axis Bank is in talk to raise money from Bain Capital, although its assets quality has worsened.

The 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 Bank.

Read EquityPandit’s Technical Analysis on Axis Bank

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