Bain Acquires Majority Stake in Adani Capital and Adani Housing
Bain Capital has announced its plans to acquire a 90% stake in Adani Capital and Adani Housing, buying out the Adani family's private investments in the company. Gaurav Gupta will retain the remaining 10% stake and continue as the Managing Director and CEO of Adani Capital. The investment comes at a time when Adani Group has faced scrutiny and a significant drop in stock value. The transaction aims to position Adani Capital as a standalone company to expand lending, with Bain committing $120 million and an additional liquidity line of $50 million. The deal is expected to close in the fourth quarter of this year.