Private equity group Bain Capital has acquired 90% of Adani Capital and Adani Housing, buying out the Adani family's private stake in the company. The deal will provide a lending platform to India's micro, small, and medium enterprises (MSMEs), which currently only have access to formal credit sources for 10% of their needs. Bain has pledged $120 million in primary capital to the company and an additional $50 million liquidity line. The deal is expected to close in Q4 2021.

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