Bain Capital on Sunday announced that it has entered into a definitive agreement to buy 90 percent of Adani Capital and its wholly owned subsidiary, Adani Housing, for an undisclosed sum. People with knowledge of the matter said the PE fund will pay 1,500 crore for the acquisition.
The future of Tata Steel's UK business hangs in the balance as talks continue with the government's Rishi Sunak government over the quantum of government support, said people with knowledge of the matter.
Troubled edtech major Byju s has reached a tentative agreement to rework its loan pact with lenders who collectively own more than 85% of the $1.2 billion Term B loan, people aware of the matter told ET. An announcement on this matter is expected as early as Monday.
9 Comments
Amateur
Bain Capital's acquisition could align the interests of the stakeholders and management of Adani Capital and Adani Housing, promoting shared goals and future success.
Muchacho
The deal could raise suspicions of favoritism or nepotism, as Adani is a powerful and influential business group in India.
Coccinella
If Adani Capital and Adani Housing had significant cultural or historical value, their acquisition by a foreign entity could result in the loss of that heritage.
ZmeeLove
The acquisition could lead to job losses as Bain Capital may prioritize cost-cutting measures.
Habibi
The acquisition could signal positive growth prospects for Adani Capital and Adani Housing, potentially boosting investor confidence in the industry as a whole.
marshal
Bain Capital's international network could open up new opportunities for Adani Capital and Adani Housing to expand globally.
Bella Ciao
Without knowing the strategic plans Bain Capital has for Adani Capital and Adani Housing, it is difficult to assess the potential long-term impact of the acquisition.
Habibi
The acquisition by Bain Capital could result in the concentration of wealth in the hands of a few big investors, leading to economic inequality.
BuggaBoom
The acquisition by Bain Capital could lead to better financial management and operational efficiency in Adani Capital and Adani Housing.