Investment firm Bain Capital has acquired a 90% stake in Adani Capital and Adani Housing, the two non-banking financial companies (NBFC) of the India-based Adani Group.

The transaction will buy out 100% of the Adani family’s private investments in the company.

Boston-headquartered Bain Capital did not disclose financial terms of the deal for the shadow banking business launched in 2017; however, a previous report in Indian publication Business Standard, citing anonymous sources, noted the deal was around $180 million.

Gaurav Gupta, current CEO and managing director, will hold the remaining 10% stake in the two companies.

Bain Capital has also committed $120 million in primary capital to facilitate the NBFC’s ongoing growth and will make a $50 million liquidity line available to the company in non-convertible debentures.

Indian billionaire Adani is looking to cut liabilities on his conglomerate’s balance sheet as it recovers from an attack by short-seller Hindenburg Report at the start of this year, levelling allegations of fraud.

The company’s name was cleared by the Indian Supreme Court, but the Adani Group is currently attempting to regain investor trust. Part of that includes concentrating on its core infrastructure business and paying down debt.

The transaction is expected to close in the fourth quarter.

Adani Capital was founded to democratize access to affordable, convenient lending solutions and support MSMEs and entrepreneurs in India. It focuses on agriculture, housing and underbanked rural areas. The firm has assets under management of nearly $500 million and 170 branches across eight states.