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Adani Enterprises to Exit Adani Wilmar JV
January 05, 2025
|The Business Guardian
Adani Enterprises is set to exit a joint venture with Adani Wilmar and for that, it has signed an agreement with Wilmar International.
Adani Enterprises on Monday informed stock exchanges that it will sell 13 per cent of Adani Wilmar to achieve minimum public shareholding requirements and Wilmar International has agreed to acquire 31 per cent held by Adani Enterprises in Adani Wilmar.
With this, Adani Enterprises will fully exit the Adani Wilmar platform.
Upon signing the agreement today, Pence, a wholly-owned subsidiary of Wilmar International, will acquire all the paid-up equity shares of joint venture Adani Wilmar.
هذه القصة من طبعة January 05, 2025 من The Business Guardian.
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