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AEL to transfer Wilmar stake to shareholders
The New Indian Express
|August 02, 2024
PAVING the way for a potential stake sale, Adani Group flagship company - Adani Enterprises (AEL) - will transfer its stake in Adani Wilmar (AWL) to its shareholders.
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AEL, at present, holds a 43.94% stake in Adani Wilmar through Adani Commodities LLP. Post the restructuring, the shareholders of AEL will directly own Adani Wilmar shares. Shareholders will receive 251 shares of Adani Wilmar for every 500 Adani Enterprises shares they hold.
This story is from the August 02, 2024 edition of The New Indian Express.
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