New Delhi, April 25 -- Axis Finance has secured Rs.750 crore in primary capital from private equity firm Kedaara Capital for a 5.08% stake, the non-banking financial company's parent Axis Bank said in a regulatory notice on Saturday.

Homegrown private equity firm Kedaara will be allotted 43 million shares on a preferential basis at Rs172.81 apiece, Axis Bank said. This would value the shadow lender at Rs14,764 crore. This marks the first-ever raise for Axis Finance from an external investor, remaining subject to external approvals.

Kedaara, led by Manish Kejriwal, Sunish Sharma, and Nishant Sharma, manages funds focused on Indian market opportunities and has previously invested in financial services businesses such as Veritas Finance, A...