Bain Capital to buy 90% of Adani Capital
Hindustan Times|July 24, 2023
MUMBAI: Private equity firm Bain Capital Lp said on Sunday that it agreed to acquire 90% of Adani Capital, including its Adani Housing Finance unit, the non-banking financial company of Adani Group, for an undisclosed sum
Bain Capital to buy 90% of Adani Capital

Gaurav Gupta, the chief executive officer (CEO) and managing director of Adani Capital, will own the remaining stakes in the two companies, the statement said.

Bain Capital also pledged to invest $120 million in primary capital to support Adani Capital's lending growth. Additionally, Further, Bain Capital will offer a $50 million liquidity line in the form of non-convertible debentures (NCDs).

"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.

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