Adani Group to Raise $833 Million as It Exits JV With Wilmar
17 hours ago · Adani Wilmar shares closed at 323.45 rupees in Mumbai, down 0.8%. Adani Commodities LLP, one of the founders of the company, will sell 175.45 million shares or a 13.5% stake, with a greenshoe option to offer another 84.5 million shares or 6.5%, the filing said.
India's Adani to sell up to 20% stake in Wilmar joint venture
18 hours ago · Adani to sell 13.5% in Adani Wilmar, with option to sell 6.5% more stake; Sale to begin on Jan. 10, end on Jan 13; Floor price set at 275 rupees, 15% discount to last close
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 ...
6 days ago · Adani Wilmar's stock received mixed recommendations after Adani Enterprises announced plans to exit its joint venture with Wilmar International. JPMorgan maintains "Underweight" with Rs 320 target, while Investec holds "Hold" with Rs 397 target, citing operational advantages.
Adani to exit Wilmar Joint Venture, to sell 44% in FMCG company …
Dec 30, 2024 · Of the 44% the group owns, Wilmar will buy 31% at Rs 305 per share, increasing the Singaporean company's stake to 75% from 44% in the Mumbai-listed Adani Wilmar.
Adani to exit consumer goods venture Adani Wilmar in 2 bn deal
New Delhi, Dec 30 (PTI) Billionaire Gautam Adani's group on Monday announced its exit from FMCG joint venture Adani Wilmar by selling its entire stake to the Singaporean partner and in the open market for over USD 2 billion in a first major deal since the US bribery indictment. In a statement, Adani Enterprises Ltd -- which held 43.94 per cent ...
Adani Enterprises to exit Wilmar JV in $2 billion deal
Dec 31, 2024 · AEL plans to offload its nearly 44% stake in Adani Wilmar Ltd (AWL) in two parts. It will first sell about 13% stake to meet public shareholding norms. The promoters currently hold 88% of the company. Wilmar will acquire the remaining 31% stake, which will increase its holding to nearly 75% from 44%.
Adani Plans $2 Billion Exit From India Venture With Wilmar
Dec 30, 2024 · The Adani Group will exit from Mumbai-listed Adani Wilmar Ltd. in a $2 billion multi-phased deal by selling its stake in its consumer joint venture, as the conglomerate’s flagship focuses on its...
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 Enterprises to exit JV with Wilmar in first big move since US ...
Dec 30, 2024 · 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...