Adani group to exit Adani Wilmar, sell stake to raise over $2 billion
Dec 30, 2024 · Adani group is completely exiting Adani Wilmar Ltd by selling its 43.94% stake. A 31.06% stake will be sold to Wilmar International, raising Rs 12,314 crore, and 13% through the open market. The proceeds, exceeding $2 billion, will …
Adani Wilmar News - Adani Wilmar Announcement, Latest News on Adani ...
Jan 20, 2025 · Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business.
Adani Enterprises to sell entire 44% stake worth $2.2 billion in Wilmar
Dec 30, 2024 · Adani Enterprises (AEL) announced on Monday that it has entered into an agreement to sell its entire stake of around 44 per cent in FMCG joint venture Adani Wilmar (AWL). The stake sale, which will be executed in two tranches, is expected to generate approximately $2.2 billion, or Rs 18,817 crore, for the Adani group upon completion.
Adani to exit Wilmar Joint Venture, to sell 44% in FMCG company …
Dec 30, 2024 · The Adani Group is selling its 44% stake in Adani Wilmar to Wilmar International for $2 billion, shifting focus to its core infrastructure business. This deal marks the end of Adani's 25-year foray into staples, following US accusations of securities fraud against Gautam Adani.
Adani Group plans $2 billion exit from joint venture with …
Dec 30, 2024 · Adani will exit its 44 per cent stake in Adani Wilmar. It will sell a 13 per cent stake to comply with India’s minimum public shareholding requirements, with the remainder going to Wilmar.
Adani Enterprises to exit JV with Wilmar in first big move since US ...
Adani Enterprises Limited (AEL) on Monday announced its decision to exit its joint venture with Wilmar International Limited through a comprehensive divestment of its stake in Adani Wilmar...
India's Adani group to exit consumer goods joint venture with …
Dec 30, 2024 · India's Adani group is exiting its consumer goods joint venture with Singapore's Wilmar International in a $2 billion deal as it looks to bolster its infrastructure business.
Adani Group Exits FMCG Joint Venture With Wilmar In $2
Dec 31, 2024 · Gautam Adani’s group announced its complete exit from Adani Wilmar Ltd (AWL) on Monday (30 December), selling its entire 43.94 per cent stake in the Fortune brand FMCG joint venture to...
Adani, Wilmar to start stake sale in joint venture next month: …
Adani Enterprises Ltd. and Wilmar International Ltd. are expected to start the sale of a minority stake in their consumer joint venture Adani Wilmar Ltd. as early as next month to abide by...
India's Adani group to exit consumer goods joint venture with …
Dec 30, 2024 · (Reuters) -India's Adani group is exiting its consumer goods joint venture with Singapore's Wilmar International in a $2 billion deal as it looks to bolster its infrastructure business.