Mumbai: Bain Capital is in advanced negotiations to close the acquisition of Gautam Adani’s seven-year-old shadow bank, Adani Capital, edging past Carlyle as the Ahmedabad-based billionaire looks to realign his business interests and focus on core infrastructure by conserving cash, said people directly involved.
Adani Capital’s management – led by former Lehman Brothers and Macquarie investment banker Gaurav Gupta, who joined the conglomerate in 2016 – owns around 10% of the company. Gautam Adani owns nearly 90% of the firm, which has been up for grabs for the last few months.
Source:
Economic Times
