Business News: Why did Gautam Adani sell these two companies? Brain Capital | Jagran Business

The shares of the Adani Group plunged precipitously as a result of only one report. Gautam Adani's fortune was decreased by $7 billion in just one day as a result of the Hindenburg report, which was released on January 24. Adani Group experienced significant loss as a result of this report. According to this assessment, the business was heavily indebted. The business then keeps making efforts to minimise its debt.

Bain Capital acquires Shares in Adani's Comapnies

Another piece of information involving the Adani Group has since surfaced. Which states that the American equity firm Bain Capital has acquired a 90% share in two Adani Group companies. Adani Capital and Adani Housing are these two businesses. After the company's acquisition of Adani Capital is complete, Gaurav Gupta will still serve as its managing director (MD) and managing director (CEO), according to information provided by Ben Capital. Additionally, the business said that it will invest $120 million in Adani Capital and that $50 million in additional liquidity would be made available in the form of non-convertible debentures. Adani Capital is presently run by Gaurav Gupta, a former investment banker at Lehman Brothers and Macquarie.