Bain Capital Has Entered Into An Agreement To Acquire 90% Of Adani Capital And Adani Housing
Portfolio Pulse from Charles Gross
Bain Capital has agreed to acquire 90% of Adani Capital and Adani Housing, according to Reuters. The impact on US-listed ETFs INDA and SPY is yet to be determined.
July 23, 2023 | 1:37 pm
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NEUTRAL IMPACT
Bain Capital's acquisition of Adani Capital and Adani Housing may impact INDA, an ETF that tracks Indian equities.
While the acquisition is significant, it's unclear how it will directly impact INDA as it tracks a broad range of Indian equities. The impact will depend on the specifics of the deal and the subsequent performance of Adani Capital and Adani Housing.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The acquisition of Adani Capital and Adani Housing by Bain Capital may have an indirect impact on SPY, an ETF that tracks the S&P 500.
The impact on SPY is likely to be indirect and minimal, as SPY tracks a broad range of US equities and the acquisition is focused on Indian companies. Any impact would come from Bain Capital's activities and their effect on the broader market.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 30