GulfHindi English Desk: Adani Capital, the non-banking financial company (NBFC) of the Adani Group, is considering selling its stake, according to reports. Gautam Adani, the chairman of the Adani Group, is planning to exit this business, as stated in an Economic Times report.
The report mentions that private equity groups such as Ben Capital, Carlyle Group, and Cerberus Capital Management have shown interest in acquiring Adani Capital. These companies are ready to make binding offers in the coming weeks.
Gaurav Gupta, the management head of Adani Capital, holds a stake of approximately 10% in the company, while the promoters hold around 90% of the stake.
Earlier this year in May, there were reports of Adani Capital planning to launch a fund registry. The company has decided to raise INR 1,500 crore from private equity investors and strategic investors, as per the report. This news comes after Gautam Adani’s plan to raise funds through various Adani Group companies like Adani Enterprises, Adani Green Energy, and Adani Transmission.
Adani Green Energy has recently informed the stock exchange that it will raise up to INR 12,300 crore, while Adani Enterprises and Adani Transmission are working on plans to raise INR 21,000 crore each.
This move comes as part of Gautam Adani’s strategy to raise funds through different companies amidst the Hindenburg crisis.
en.gulfhindi.com News Summary
👉Adani Capital, a non-banking financial company (NBFC) of the Adani Group, is considering selling its stake in the company.
👉Potential buyers for Adani Capital include Ben Capital, Carlyle Group, and Cerberus Capital Management.
👉Gaurav Gupta is the current management of Adani Capital, holding a stake of around 10% in the company, while the promoters hold approximately 90%.
👉Adani Capital plans to raise funds through an initial public offering (IPO), with a target of collecting INR 1,500 crore from private equity and strategic investors.
👉Adani Group is also raising funds through other subsidiaries like Adani Enterprises, Adani Green Energy, and Adani Transmission, with targets of INR 12,300 crore and INR 21,000 crore respectively.
👉The potential sale of Adani Capital’s stake and the fundraising plans are aimed at overcoming the financial crisis faced by the Adani Group.
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