TPG Acquires 99.02% Stake in Poonawalla Housing Finance

Bain Capital to Acquire 90% Stake in Adani Capital and Adani Housing Finance

July 23, 2023

Financial Services

Bain Capital has entered into a definitive agreement to acquire 90% of Adani Capital and Adani Housing (Adani Housing Finance), buying out the Adani family's private investments while Gaurav Gupta will roll his stake and remain CEO. Bain is committing approximately $120 million (INR 1,000 crore) of primary capital and providing a $50 million liquidity line to support growth as the lenders scale MSME, housing and rural lending; the deal is expected to close in Q4 2023 subject to approvals.

TPG Invests ₹1,837.5 Crore in Reliance Retail Ventures

October 2, 2020

Retail

Global private equity firm TPG will invest ₹1,837.5 crore in Reliance Retail Ventures Limited (RRVL), taking a ~0.41% fully diluted stake and valuing RRVL at a pre-money equity value of ₹4.285 lakh crore. The minority growth investment, made from TPG's TPG Capital Asia fund, is intended to support Reliance Retail's New Commerce transformation and expansion of its omnichannel and merchant platform.

GIC Invests $170 Million in TPG-backed Asia Healthcare Holdings

February 14, 2022

Healthcare Services

Singapore sovereign wealth fund GIC has signed definitive documentation to invest $170 million in Asia Healthcare Holdings (AHH), the TPG Growth–incubated single-specialty healthcare platform in India. The capital will support AHH's continued expansion of single-specialty networks — including fertility (Nova IVF), mother & childcare (Motherhood Hospitals) and oncology — and help fund further add-on acquisitions and platform growth across South Asia.

Warburg Pincus Acquires Shriram Housing Finance (now Truhome Finance) with Co-Investors Including QIA

January 15, 2025

Financial Services

Warburg Pincus, alongside co-investors including Qatar Investment Authority (QIA), acquired Shriram Housing Finance Limited from the Shriram Finance Group in December 2024 and the company has rebranded as Truhome Finance. The investment (part of which totaled ₹1,225 crore) strengthens the firm’s capital base (AUM ~INR 16,000 crore) to support scaling of affordable housing finance across India.

TA Associates Makes Growth Investment in Vastu Housing Finance

July 11, 2024

Financial Services

TA Associates has made a strategic growth investment in Vastu Housing Finance, a Mumbai-based, technology-led affordable housing finance company serving self‑employed customers across semi-urban and rural India. The investment will support Vastu's expansion across its mortgage, small business and used vehicle finance businesses; financial terms were not disclosed.

TPG Invests ₹4,546.80 Crore in Jio Platforms

June 13, 2020

Telecommunications

TPG will invest ₹4,546.80 crore in Jio Platforms for a 0.93% equity stake, valuing Jio Platforms at an equity value of ₹4.91 lakh crore (enterprise value ₹5.16 lakh crore). The investment — made from TPG Capital Asia, TPG Growth and TPG Tech Adjacencies — is part of Jio Platforms' larger fundraising which has raised over ₹102,432.45 crore from global technology investors.