Adani Group: Adani Group on back foot after Hindenburg’s report, forced to sell its big company

Ever since the Hindenburg report on the Adani group, all is not well in the company. Although Gautam Adani himself has been seen trying to fix the dent on the Adani Group. In this sequence, he has issued several statements to win the confidence of the investors and told that everything is going well in the group. Despite all this, Adani’s company is getting into trouble. The company is folding its hands from many businesses. In January 2023, Hindenburg revealed about the Adani group, after which Gautam Adani and his company have been facing one blow after another.

The Hindenburg Report on the Gautam Adani Group has weakened investor confidence in the companies. However, the Adani group took several necessary steps to win back the confidence of investors. In this episode, the group is planning to raise funds in different ways. Adani Group’s three listed companies – Adani Enterprises, Adani Green Energy and Adani Transmission – are planning to raise Rs 33,000 crore by launching Qualified Institutional Placement (QIP) by the end of the calendar year.

If the news is to be believed then two companies of Adani Group have been sold. Top global equity firm Bain Capital has acquired Adani Group companies Adani Capital and Adani Housing. An agreement has been reached between the two companies regarding this acquisition. Under this deal, Bain Capital will acquire 90 per cent stake in Adani Capital and Adani Housing. While 10 per cent stake will be with the management, MD and CEO Gautam Gupta. After acquiring the stake in the Adani company, Bain Capital will invest an additional Rs 1,000 crore in the Adani group company, reports Business Standard. The value of NBFC has been estimated at Rs 1600 crore. According to the information, Adani Capital CEO Gaurav Gupta will continue to invest in the company. Gupta holds 10 per cent stake in the company.