India: Axis Bank to raise $1.8b from Bain Capital, LIC, others

India: Axis Bank to raise $1.8b from Bain Capital, LIC, others

Photo: Reuters

India’s Axis Bank Ltd said on Friday it will raise 116.26 billion rupees ($1.78 billion) by selling shares and convertible warrants to investors including Bain Capital and top Indian insurer Life Insurance Corp.

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