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Adani Enterprises to exit Adani Wilmar JV in $2-billion stake sale
short by Mansi Agarwal / on Monday, 30 December, 2024
Adani Enterprises will sell its 44% stake in FMCG company Adani Wilmar to exit the joint venture fully and raise around $2 billion. Wilmar International has signed an agreement to acquire the 31% stake held by Adani Enterprises in the joint venture. The Adani flagship will further divest the remaining 13% stake to achieve compliance with minimum public shareholding requirements.
read more at NDTV Profit