Bain Capital to buy 90% of Adani Capital
Mint Mumbai|July 24, 2023
Private equity firm Bain Capital announced on Sunday that it had acquired 90% of Adani Capital and Adani Housing, the two non-banking financial companies of the Adani Group, for an undisclosed amount. Gaurav Gupta, the current CEO and managing director, will hold the remaining stake in the two companies, the statement said.
Bain Capital to buy 90% of Adani Capital

Bain Capital has also committed $120 million in primary capital, to facilitate the NBFC's ongoing growth. Additionally, Bain Capital will make available to the Company a $50 million liquidity line in the form of non-convertible debentures.

“The transaction will buy out 100% of the Adani family’s private investments in the company, with Gaurav Gupta fully rolling his stake in the company and continuing to serve as Managing Director and CEO," the release said.

“The company has strong business fundamentals, an experienced team, with ability to serve and expand to core segments like agriculture, housing and to underbanked rural areas," said Rishi Mandawat, Partner, Bain Capital.

هذه القصة مأخوذة من طبعة July 24, 2023 من Mint Mumbai.

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هذه القصة مأخوذة من طبعة July 24, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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