Bain Capital sells 0.7% stake in Axis Bank for Rs 2,178 crore, 50 FPIs lap up shares

Bain Capital sells 0.7% stake in Axis Bank for Rs 2,178 crore, 50 FPIs lap up shares

Private investment firm Bain Capital has sold partial stake in private lender Axis Bank via block deal on Thursday, while many domestic and foreign funds lapped up the shares. According to block deal data available with the exchanges, Bain Capital has sold 2.25 crore shares or 0.7% stake in the lender at a weighted average … Read more

Virgin Atlantic airline files for United States bankruptcy protection

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NEW YORK: Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry. The airline made the Chapter 15 filing in U.S. federal bankruptcy court in New York after a proceeding in the United … Read more