Adani Plans $2 Billion Exit From India Venture With Wilmar
Dec 30, 2024 · The Adani Group will exit from Mumbai-listed Adani Wilmar Ltd. in a $2 billion multi-phased deal by selling its stake in its consumer joint venture, as the conglomerate’s flagship focuses on its ...
Adani Wilmar Ltd | Post-Adani Group exit, Wilmar to emulate ITC ...
1 day ago · Adani Enterprises Ltd -- which held 43.94 per cent stake in Fortune brand cooking oil, wheat flour and other food product maker Adani Wilmar Ltd -- sold 31.06 per cent stake to Wilmar International. The remaining about 13 per cent holding will be sold in the open market to meet minimum public shareholding requirements.
Adani Wilmar shares slide 7% as Adani Enterprises announces exit …
6 days ago · Adani Wilmar shares fell 7.2% in early trade on Tuesday, reaching an intraday low of Rs 305.65 on the BSE, as Adani Enterprises (AEL) prepares to exit its 25-year-old joint venture with Wilmar International through a $2 billion deal. AEL intends to redirect the proceeds toward strengthening its core infrastructure platforms, including energy, utilities, transport, and logistics.
Adani to exit Wilmar Joint Venture, to sell 44% in FMCG company …
Dec 30, 2024 · India Business News: The Adani Group is selling its 44% stake in Adani Wilmar to Wilmar International for $2 billion, shifting focus to its core infrastructure business. T
Adani Enterprises to exit Adani Wilmar JV; to sell 31% stake to Wilmar …
Dec 30, 2024 · As of the September quarter, Adani Commodities held a 43.94% stake in the company, while Lence Pte., a unit of Wilmar International, has the remaining 43.94% stake. The current stake that Adani Enterprises owns in Adani Wilmar is …
Adani Group to divest $2bn stake in Wilmar joint venture
Dec 30, 2024 · Gautam Adani’s conglomerate will divest its 44 per cent stake in a joint venture food business with Singapore’s Wilmar International to focus on its core infrastructure arm, weeks after the US ...
Singapore, August 13, 2024 – Wilmar International Limited (“Wilmar” or “the Group”), Asia’s leading agribusiness group, reported a 5% increase in core net profit to US$606.3 million for the six months ended June 30, 2024 (“1H2024”) (1H2023: US$577.2 million).
Singapore, February 21, 2024 – Wilmar International Limited (“Wilmar” or “the Group”), Asia’s leading agribusiness group, reported core net profit of US$989.3 million for the half year ended December 31, 2023 (“2H2023”) (2H2022: US$1.26 billion), with improved performance from Plantations & Sugar Milling and Food Products but weaker performance ...
Singapore, August 11, 2023 – Wilmar International Limited (“Wilmar” or “the Group”), Asia’s leading agribusiness group, reported a net profit of US$550.9 million for the six months ended June 30, 2023 (“1H2023”) (1H2022: US$1.16 billion).
Adani to exit consumer goods venture Adani Wilmar in $2 billion …
Dec 30, 2024 · In a statement, Adani Enterprises Ltd — which held 43.94 per cent stake in Fortune brand cooking oil, wheat flour and other food product maker Adani Wilmar Ltd — said it will sell 31.06 per cent stake to Wilmar International. The remaining about 13 per cent holding will be sold in the open market to meet minimum public shareholding ...