Global private equity firm Bain has agreed to acquire 90% of Adani Capital and Adani Housing, the non-banking financial arm of the Adani group, which started its lending operations in 2017. The transaction will buy out all of the Adani family’s private investments in the company. In contrast, Gaurav Gupta, a former Lehman Brothers, and Macquarie investment banker, will retain his remaining 10% stake in the company and continue to serve as its Managing Director and CEO. The deal is worth around Rs 1,600 crore and will boost the non-banking lender, struggling since it launched six years ago. The move … Continue reading Adani Group to Sell 90% Stake in Adani Capital and Adani Housing to Bain Capital