Adani Enterprises To Exit Adani Wilmar JV

To invest sale proceeds in energy, logistics and core infra platforms.

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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.