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Adani, Wilmar
Adani Group to Raise $833 Million as It Exits JV With Wilmar
The Adani Group will raise 71.48 billion rupees ($833 million) by selling up to 20% stake in Mumbai-listed Adani Wilmar Ltd. as it exits non-core activities to focus on the bread-and-butter infrastructure businesses.
Adani raises offer-for-sale size to 20% in Wilmar JV
MUMBAI: Adani Group has decided to increase the size of its offer for sale (OFS) to offload part of its stake in Adani Wilmar to 20 per cent from 13 per cent announced earlier, due to strong demand from institutional investors.
Adani Wilmar's OFS for 20% stake opens January 10, floor price Rs 275 per share
The OFS will have a base offer of 13.5% equity and a green shoe option for another 6.5% stake, a company filing said on January 9.
Adani Commodities to offload 20% stake in Adani Wilmar through OFS
Adani Commodities LLP, a promoter of Adani Wilmar Ltd (AWL), is set to offload up to 20 per cent stake in the company through an Offer for Sale (OFS), opening on January 10, the company said in an exchange filing on Thursday.
Adani Commodities to sell up to 20% stake in Adani Wilmar via OFS
On December 30, the Adani group announced its exit from Adani Wilmar in two stages. In the first phase Adani Commodities would sell such stake so as to comply with the minimum public shareholding norm and in the second phase Adani Enterprises would sell the 31 per cent stake held by it to its joint venture partner Wilmar International.
Adani Wilmar Sets Offer For Sale Floor Price At Rs 275 Per Share
Adani Enterprises will divest 13% of its shares in Adani Wilmar to achieve compliance with minimum public shareholding requirements via an offer for sale. In addition, Wilmar International Ltd. has agreed to acquire the 31% stake held by the Adani flagship in the edible oil maker.
Adani Group to raise 71.48 billion rupees as it exits JV with Wilmar International
THE Adani Group will raise 71.48 billion rupees (S$1.1 billion) by selling up to 20 per cent stake in Mumbai-listed Adani Wilmar as it exits non-core activities to focus on the bread-and-butter infrastructure businesses.
Adani Group to sell 20% stake in Adani Wilmar through OFS, floor price set at Rs 275
FMCG player Adani Wilmar will see one of its promoter Adani Commodities LLP offloading up to 20% stake in the company through an offer for sale (OFS), which opens on January 10.
India's Adani group to exit consumer goods joint venture with Singapore's Wilmar in $2 bln deal
The Adani Group will sell its stake in consumer goods firm Adani Wilmar to joint venture partner Wilmar International for 123.14 billion rupees ($1.44 billion) as the Indian conglomerate sharpens its focus on infrastructure projects.
Adani Group To Offload Up To 20% Stake In Adani Wilmar Through OFS
Adani Commodities LLP, a promoter entity of Adani Wilmar Ltd (AWL), has declared plans to divest up to 20 per cent of its stake in the company through an Offer for Sale (OFS). The offer will open for non-retail investors on 10 January,
Adani Wilmar OFS: Gautam Adani-led group to dilute 20% more stakes in JV - Check floor price, retail portion
An additional option to sell up to 8.44 crore shares will be included in the offer for sale (OFS) or 6.5% of equity shares. The port-to-power conglomerate, which owns 43.94 percent of the joint venture,
11h
on MSN
India's Adani to sell up to 20% stake in Wilmar joint venture
India's Adani Group said on Thursday it plans to sell a stake of up to 20% in Adani Wilmar to the public, as the conglomerate ...
17h
Wilmar’s Strategic Acquisition of Adani Wilmar: Growth Prospects and Shareholder Value Amidst Neutral Short-term Impact
Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener ...
3d
on MSN
After Gautam Adani exits Adani Wilmar, company reveals its future business strategy, plans to expand…
Following the exit of the Adani Group, Wilmar may further capitalise on this approach by introducing more global FMCG brands ...
3d
on MSN
Adani Wilmar shares in focus after Q3 update: Revenue jumps 33% YoY aided by volume growth
According to Trendlyne, 2 out of 5 analysts have a 'buy' or 'strong buy' recommendation for Adani Wilmar shares, while 2 ...
4d
Post-Adani Group exit, Wilmar to emulate ITC; leverage cash-cow oil business to expand FMCG portfolio
On December 30, billionaire Gautam Adani's group announced its exit from Adani Wilmar, selling its entire stake ...
2d
on MSN
Gautam Adani to receive a cheque of Rs 171398500000; where will he spend this huge money? Company has planned to invest in….
The Group has also announced forays in refinery, petrochemicals and in chemical business. The company has already made a ...
4d
on MSN
Stocks in news: ITC, HDFC Bank, Adani Wilmar, Kotak Bank, HUL
Union Bank reported a 2% YoY increase in its domestic deposits from the previous year at Rs 11.82 lakh. Sequentially, it was ...
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