Axis Bank

According to a CNBC-TV18 report, the IRDAI wrote to SEBI seeking its view on the fair value, wrongdoing or any security regulations violation of the deal.

[ increased ](https://www.moneycontrol.com/news/business/axis-bank-max-life-deal-insurance-regulator-increases-penalty-to-rs-5-crore-for-violation-of-norms-9337341.html)to Rs five crore. [Rs 3 crore penalty in 21 days](https://www.moneycontrol.com/news/business/axis-bank-max-life-deal-lender-to-pay-rs-2-crore-fine-to-irdai-for-rules-violation-9329991.html), which included Rs 1 crore penalty on Max Life Insurance. Earlier on October 14, the insurance regulatory stated that historical transactions between Axis Bank and Max Financial are in violation of the IRDAI code, and asked Axis Bank to pay

According to the report, IRDAI wrote to SEBI seeking its views on the fair value of the transaction, wrongdoing or any breach of security regulations. Earlier ...

On October 17, the fine was increased to Rs 5 crore. However, on October 20, Axis Bank president Amitabh Chaudhry claimed that the bank complied with all rules and regulations in acquiring a 20% stake in Max Life Insurance. Earlier on October 14, the insurance regulator said historical transactions between Axis Bank and Max Financial violated the IRDAI code and ordered Axis Bank to pay a fine of Rs 3 crore within 21 days, including 1 of Max Life Insurance’s Rs 1 crore fine.

Bain Capital holds a 4.24% stake in Axis Bank as of 30 September through three entities - BC Asia Investments VII, BC Asia Investments III and Integral ...

The PE firm held 4.2% stake through three affiliates as on September 30.

The PE firm held 4.2% stake through three affiliates as on September 30. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). [Axis Bank shares](/topic/axis-bank-shares)have been an outperformer in the banking pack. It is likely to sell the stake at Rs 888, a discount of about 2% to Monday’s close price of Rs 906. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Bain Capital aims to raise $410 million through the stake sale.

Private equity player Bain Capital is likely to sell its stake in Axis Bank under a $410-million block deal, sources told CNBC-TV18.

JP Morgan is the broker of the deal. Private equity player Bain Capital is likely to sell its stake in Axis Bank under a $410-million block deal, sources told CNBC-TV18. The floor price for the Axis Bank block deal is Rs 888 per share, which is a discount of up to 2 percent on the scrip's close on Monday, October 31, in the block deal.

The deal is likely to be at a floor price of Rs 888 per share, which is 2 percent discount to closing price.

Its net interest margin (NIM) was at 3.96 percent, which is a rise of 57 bps YoY and 36 bps rise QoQ. In 2017, the lender had approved and conducted a sale of 9 per cent stake to raise Rs 11,626 crore, in a round led by Bain Capital. Last year, the lender appointed Ashish Kotecha, a nominee of Bain Capital, as an additional non-executive director. The YoY increase in net profit beat street estimates as analysts had expected the bank to report a 45 percent YoY surge for the quarter, supported by healthy core income growth and strengthening asset quality.Its net interest income (NII) went up by 31 percent YoY to Rs 10,360.3 crore, from Rs 7,900 crore in Q2FY22. Net profit grew 29 percent QoQ. "The board of directors of the bank has today approved the appointment of Ashish Kotecha as an additional non-executive (nominee of entities affiliated to Bain Capital) director of the bank with effect from Sunday, December 19, 2021," Axis Bank had said in a regulatory filing.

The PE firm is looking to sell 1.24 per cent stake.

Bain Capital invested ₹6,854 crore in Axis Bank in 2017. The PE firm is looking to sell 1.24 per cent stake. It currently holds a 4.24 per cent stake in Axis Bank.

Media reports suggested and were conformed by some industry sources that Bain Capital will dilute a 1.24 per cent stake in the lender worth Rs 3350 crore.

[Bain Capital](/topic/bain-capital) will dilute a 1.24 per cent stake in the lender worth Rs 3,350 crore. [Axis Bank](/topic/axis-bank) through its affiliates. Axis Bank's stock ended Monday's session at Rs 906, a gain of 0.32 per cent, and the lender commands a market capitalisation of Rs 2.78 lakh crore. [ Business Standard App ](https://www.business-standard.com/apps) for latest [Business News](https://www.business-standard.com/) and [ Market News ](https://www.business-standard.com/markets). [Bain Capital](/topic/bain-capital). [Bain Capital](/topic/bain-capital) is likely to sell a portion of its stake in [Axis Bank](/topic/axis-bank) on Tuesday through a block deal, according to media reports.

निजी सेक्टर के दिग्गज बैंक एक्सिस बैंक (Axis Bank) में अमेरिका की निजी इंवेस्टमेंट फर्म Bain ...

ब्याज से नेट इनकम सालाना आधार पर 31 फीसदी की उछाल के साथ 10360.3 करोड़ रुपये रही। वहीं नेट इंटेरेस्ट मार्जिन 3.96 फीसदी रहा जो सालाना आधार पर 0.57 फीसदी और तिमाही आधार पर 0.36 फीसदी अधिक था। सितंबर तिमाही में बैंक के मुनाफे में 70% की उछाल यह सौदा 525 रुपये प्रति शेयर के भाव पर हुआ था जबकि कंवर्टिबल वारंट्स का इश्यू प्राइस 565 रुपये था। अभी Bain Capital की तीन इकाईयां की एक्सिस बैंक में एफडीआई कैटेगरी के तहत 4.24 फीसदी हिस्सेदारी है।

Bain Capital held a 4.24% stake in Axis Bank through its three funds - BC Asia Investments VII, BC Asia Investments III, and Integral Investments South Asia ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). In November 2017, Boston-headquartered Bain led a consortium that invested $1.8 billion (Rs 11,626 crore) of “confidence capital” in the private lender to help shore up Axis Bank’s capital base after a string of disappointing earnings. These shares were held by Specified Undertaking of The Unit Trust of India (SUUTI). The floor price has been fixed at Rs 888 per share, a discount of 2% to Monday’s closing price of Rs 906. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Bain Capital invested around Rs 6,854 crores during the private sector bank's fundraising program.

Private equity investor Bain Capital will sell a 1.24% stake in private lender Axis Bank Ltd through a block trade on...

Gross non-performing asset ratio dropped to 2.5% as on 30 September, 2022, from 2.76% a quarter ago and 3.53% a year ago. Even several promoters have jumped on the bandwagon to sell down part of their holdings. Others such as Tiger Global, Temasek and TPG also sold down their holdings in listed companies in recent months.

CNBC-TV18 has learned that the insurance regulator IRDAI has asked SEBI to investigate violations around fair market value in Axis Bank-Max Life ...

The nature of this discrepancy in valuation and how did it benefit and the exact nature of the benefit to whichever of the parties if it benefited from that particular drop in valuation? What has been asked from SEBI? CNBC-TV18 has learned that the insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) has asked the Securities and Exchange Board of India (SEBI) to investigate violations around fair market value in Axis Bank-Max Life transactions.

The Axis Bank stock ended Monday's trading session at Rs 905.85 apiece, up 0.3% over Friday's close. Private equity player Bain Capital is looking to sell a ...

Bain Capital had picked up the stake in Axis Bank in November 2017, investing Rs 6,854 crore in the bank. Currently, three affiliates of Bain Capital together hold a stake of around 4.27% in [Axis Bank](https://www.financialexpress.com/market/stock-market/axis-bank-ltd-stock-price/). [Axis Bank](https://www.financialexpress.com/about/axis-bank/), according to persons familiar with the development, in a transaction that could fetch it $410 million (approximately Rs 3,400 crore).

At 09:15 AM, around 38.99 million shares representing 1.2 per cent of total equity of Axis Bank changed hands on the BSE, the exchange data shows.

[Bain Capital](/topic/bain-capital) holds a 4.24 per cent stake in Axis Bank through its affiliates. Loan growth too was better at 4.2 per cent QoQ mainly led by corporate/SME although deposit growth was slower. Axis Bank saw its strongest quarter with core earnings beating estimates by around 14 per cent led by beat on NIM, fees and asset quality. [Bain Capital](/topic/bain-capital). The stock had hit an all-time high of Rs 920 on October 27, 2022, after the bank beat Street's September quarter earnings' expectations across parameters by a wide margin. The shares were to be sold by BC Asia Investments, an affiliate of

बैंकर जेपी मॉर्गन द्वारा जारी एक टर्म शीट के अनुसार, बैन कैपिटल (Bain Capital) मंगलवार को ...

विदेशी निवेशक बचेंगे इस कंपनी के शेयर, खबर सुन 25 रुपये तक टूटा भाव विदेशी निवेशक बचेंगे इस कंपनी के शेयर, खबर सुन स्टॉक बेचने की लगी होड़, 25 रुपये तक टूटा भाव [हिंदी न्यूज़](/) [बिजनेस](/business/)विदेशी निवेशक बचेंगे इस कंपनी के शेयर, खबर सुन स्टॉक बेचने की लगी होड़, 25 रुपये तक टूटा भाव

This comes after news that private equity firm Bain Capital was looking to sell 1.24 percent stake.

Net interest income (NII) went up 31 percent YoY to Rs 10,360.3 crore. [Follow our live blog for all the market action](https://www.moneycontrol.com/news/business/markets/share-market-live-updates-stock-market-today-november-01-latest-news-bse-nse-sensex-nifty-covid-coronavirus-sun-pharma-adani-ports-tech-mahindra-upl-pnb-lt-jay-bharat-maruti-castrol-india-glenmark-9423741.html) [looking to sell 1.24 percent stake](https://www.moneycontrol.com/news/business/markets/bain-capital-likely-to-sell-1-24-stake-in-axis-bank-for-rs-3350-crore-via-block-deal-tomorrow-9421971.html) worth of $410 million or Rs 3,350 crore.

Axis Bank Ltd registered volume of 421.65 lakh shares by 10:45 IST on BSE, a 99.61 fold spurt over two-week average daily volume of 4.23 lakh shares.

FSN E-Commerce Ventures Ltd notched up volume of 3.7 lakh shares by 10:45 IST on BSE, a 3.98 fold spurt over two-week average daily volume of 92969 shares. The stock gained 2.05% to Rs.1,933.70. The stock rose 3.01% to Rs.1,192.35. Volumes stood at 1370 shares in the last session. The stock gained 8.54% to Rs.205.85. Volumes stood at 3.67 lakh shares in the last session. The stock rose 7.61% to Rs.113.90. Volumes stood at 55406 shares in the last session. The stock slipped 2.59% to Rs.882.40. [Nykaa gains on forging alliance with Middle East's Apparel Group for Gulf foray](/article/news-cm/nykaa-gains-on-forging-alliance-with-middle-east-s-apparel-group-for-gulf-foray-122100700345_1.html) [Nykaa, Blue Dart, Ramco Cements in spotlight](/article/news-cm/nykaa-blue-dart-ramco-cements-in-spotlight-122092900144_1.html) [Sensex, Nifty advance in early trade, breadth strong](/article/news-cm/sensex-nifty-advance-in-early-trade-breadth-strong-122092900200_1.html) [Board of ITI approves allotment of 83.12 lakh shares to Govt. Volumes stood at 39934 shares in the last session. Volumes stood at 98782 shares in the last session.