Liquidity Events

Bain Capital exits L&T Finance with over Rs.500-Cr stake sale

Free Press Journal   MoneyControl  

Bain Capital, through its two units BC Asia Growth Investments and BC Investments VI Limited, has sold its residual 3.59% stake in publicly listed L&T Finance. The sale, at INR 170.60 per share, fetched over INR 518 crore.

In Sep-2015, Bain Capital had invested INR 1,304.5 Cr in L&T Finance through a preferential allotment. It started to exit its investment starting in Nov-17.

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