Adani to Raise Over $2 Billion in Wilmar JV Exit

The stake sale will also buffer the Adani Group's liquidity position and its ability to service upcoming debt obligations

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ing consumer goods company at ₹18,817 crore ($2.2 billion). The maker of Fortune oils, soya chunks and pulses closed FY24 with revenue of nearly ₹50,000 crore. Adani Wilmar shares lost 0.17% to close at ₹329.5 on the BSE on Monday, compared to a 0.57% fall in the Sensex. Adani Enterprises gained 7.65% to close at ₹2,593.45. The announcement was made after market hours.

Presently, public shareholders hold only 12.13% of Adani Wilmar, which was listed in February 2022. In India, companies must meet minimum public shareholding requirements within three years of listing if their post-listing market capitalization is below ₹1 trillion.