Adani Wilmar Shares Tank 9% As Adani Group Plans To Sell 20
17 hours ago · Adani Wilmar shares continued their downward trend for the third consecutive day, dropping 9.5% to Rs 292 on January 10, following the launch of a two-day offer-for-sale (OFS) by promoter Adani Commodities targeting non-retail investors. The retail portion of the sale is set to begin on January 13.
Adani Group to Raise $833 Million as It Exits JV With Wilmar
1 day ago · 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 ...
Adani Wilmar to become subsidiary of Wilmar International after …
16 hours ago · Adani Group, a port-to-power conglomerate that holds a nearly 44 per cent stake in Adani Wilmar, will sell up to 13.5 per cent to the public in a sale offer beginning on Jan 10, with an option to ...
Adani Group raises Rs 4,850 cr from sale of 13.5% stake in Adani Wilmar
11 hours ago · 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. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore ...
Adani Wilmar OFS: Conglomerate raises Rs 4,850 crore from …
10 hours ago · Adani Group has raised Rs 4,850 crore from the sale of 13.5 percent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure ...
Adani Group raises Rs 4,850 cr from 13.5% stake sale in Adani Wilmar
10 hours ago · Home / Companies / News / Adani Group raises Rs 4,850 cr from 13.5% stake sale in Adani Wilmar Adani Group raises Rs 4,850 cr from 13.5% stake sale in Adani Wilmar Accordingly, the aggregate number of offer shares will be up to 19.50 crore (15.01 per cent) of which, up to 1.95 crore (1.50 per cent) would be available as part of the offer on ...
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 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 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 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. In a ...