Business Blog: Bain to buy 90% stake in Adani Capital and Adani Housing

Sunday, July 23, 2023

Bain to buy 90% stake in Adani Capital and Adani Housing

US-based investment firm Bain Capital said on Sunday that it has entered into an agreement to acquire 90% of Adani Capital and Adani Housing, buying out all of the Adani family's private investments in the company.Gaurav Gupta will retain the remaining 10% stake in Adani Capital and will continue to serve as its Managing Director and CEO, Bain said.

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