US private equity firm, Bain Capital, is looking to sell a 0.7 per cent stake in Axis Bank worth as much as $267 million, according to media reports.. Imagicaaworld Entertainment Limited has been pursuant to the Debt Restructuring and Settlement Agreement (DRSA) between the company executed in June 2022. SmallCap World Fund, on Wednesday, sold a 1.6 per cent stake in Aavas Financiers for ₹173 crore through an open market transaction. According to the bulk deal data available with the BSE, SmallCap World Fund Inc offloaded more than 12.84 lakh shares, amounting to a 1.6 per cent stake in Aavas Financiers. “With this approval, MFCL will merge into NFSPL, and the entire shareholding of MFCL (1.96 per cent equity) in Tega will stand transferred to NFSPL, resulting in NFSPL holding 57.05 per cent stake in Tega.

Source: The Hindu June 15, 2023 18:24 UTC