According to reports private equity firms such, as Bain Capital are currently in discussions to acquire Adani Capital, the shadow bank owned by Gautam Adani. Adani is looking to sell off core businesses in order to concentrate on its core operations. Bain Capital is expected to offer around Rs 1,500 crore for the company, which has experienced growth, in its assets under management and has shown financial performance in the fiscal year 2023.

As per FY23 financials Adani Capital, its loan book stood at ₹2,690 crore and net profit at ₹90.68 crore. It largely operates out of four business verticals – farm equipment loans, commercial vehicle loans, business loans, and supply chain finance. The lender also has a housing finance arm.