Bain Capital sells stake worth $448m in India's Axis Bank

Bain Capital sells stake worth $448m in India's Axis Bank

The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. REUTERS/Kim Kyung-Hoon/File Photo

Private equity firm Bain Capital has sold a $448 million stake in Indian private lender Axis Bank in a block trade on Wednesday, according to a term sheet seen by Reuters.