Three private equity groups in race to buy out billionaire Gautam Adani's Adani Capital
Economic Times report. The billionaire businessman is planning to exit from the non-core business sector to focus fully on the company's niche areas.
The business tycoon is planning to conserve cash for his principal operations. Till now, there has been no official confirmation about the Adani Capital bailout by the Adani Group.
Adani group's NBFC arm, Adani Capital is looking to raise additional growth capital from international strategic and financial investors, the spokesperson of Adani group told The Hindu Businessline without giving any clear statement about Adani Capital. Adani Capital is led by Gaurav Gupta.
Gaurav has the experience of handling operations in Helman Brothers and Macquarie. He has been using his expertise in the field for the progress of Adani Capital since 2016.
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