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​Singapore’s GIC, Canada Pension Plan, Bain eye joint acquisition of Axis Bank stake

( November 1, 2017, 05:09 GMT | Insight) -- Singapore sovereign wealth fund GIC and Canada Pension Plan Investment Board may partner with US private equity firm Bain Capital to acquire a 10 percent stake in India’s Axis Bank Ltd, estimated to be worth up to $2 billion, Live Mint reports.Singapore sovereign wealth fund GIC and Canada Pension Plan Investment Board may partner with US private equity firm Bain Capital to acquire a 10 percent stake in India’s Axis Bank Ltd, estimated to be worth up to $2 billion, Live Mint reports. The information comes from multiple sources, who say the potential acquisition is set become one of the largest private equity investments in the Indian banking sector. Bain is already in advanced talks to invest up to $1 billion in Axis Bank, with any deal subject to regulatory approval....

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