Axis Bank trades down after block deal with Bain Capital
The Axis Bank block deal is estimated to be worth Rs 3700 crore. Bain Capital entities sold their 1.0 per cent stake in the bank (3.09 crore shares).
The floor price for the block deal is Rs 1,109/share (1.9 per cent discount to CMP). There will be a lock in period of 90 days for sellers. Photo: PTI/Representational