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Adani Exits Adani Wilmar, Selling 44% Stake To Wilmar For $2 Billion
The Business Guardian
|December 31, 2024
Adani Enterprises exits Adani Wilmar, selling its 44% stake to Wilmar International for $2 billion.
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.
This story is from the December 31, 2024 edition of The Business Guardian.
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