Bain acquires India's Adani Capital
Bain Capital has agreed to acquire 90% of Indian non-bank financial companies (NBFCs) Adani Capital and Adani Housing in a deal worth at least USD 170m.
The private equity firm is committing USD 120m in primary capital and making a USD 50m liquidity line available in the form of non-convertible debentures. The proposal reportedly beat out rival bidders...
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