Bain frontrunner to buy Adani Capital for Rs 1,500 crore

Bain Capital is the frontrunner to acquire Adani Capital for Rs 1,500 crore

The deal is expected to be completed by the end of the year

Adani Capital is a non-banking finance company

Adani Capital provides financial services to small and medium-sized enterprises

The acquisition will help Bain Capital expand its presence in India's financial services sector

Bain Capital has previously invested in Indian companies such as L&T Finance and Axis Bank

Adani Capital has a loan book of around Rs 1,000 crore

Adani Capital reported a profit of Rs 32 crore in the last financial year

The acquisition is part of Adani Group's strategy to divest non-core assets

The deal is subject to regulatory approvals

For more such content