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Adani Wilmar shares fall 7% as Adani Enterprises set to exit JV
short by Mansi Agarwal / on Tuesday, 31 December, 2024
Shares of Adani Wilmar fell around 7% on Tuesday after Adani Enterprises announced it would exit the joint venture in an over $2 billion deal. On Monday, the Adani flagship said it would offload its 44% stake in the FMCG company. Financial firm Investec maintained a 'hold' rating on the stock, while JPMorgan remained 'underweight' following the announcement.
read more at Moneycontrol