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Bain Capital To Sell Stake In India's Axis Bank

A man enters a branch of Axis Bank in New Delhi

Bain Capital, a global investment firm, is set to sell its stake worth $429 million in India's Axis Bank, according to a term sheet.

The move comes as Bain Capital looks to divest its investment in the Indian banking sector. The stake sale is expected to provide Bain Capital with a significant return on its initial investment in Axis Bank.

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