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Adani Wilmar's ₹4,500-cr IPO put on hold over probe of Adani Group: Reports
short by Kiran Khatri / on Saturday, 21 August, 2021
The Securities and Exchange Board of India (SEBI) has put on hold the ₹4,500-crore initial public offering (IPO) of Adani Wilmar. The SEBI has stalled the IPO due to an investigation that is pending against Adani Group's Adani Enterprises, reports said citing sources. Adani Wilmar is a joint venture between the Adani Group and Singapore's Wilmar group.
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