Adani Group announced its complete exit from the FMCG joint venture Adani Wilmar, selling its entire stake to Singapore-based partner Wilmar International and through the open market, with total proceeds expected to surpass $2 billion. Adani Enterprises Ltd, which owned a 43.94% stake in Adani Wilmar Ltd, has announced plans to sell a 31.06% stake to Wilmar International. Additionally, 13% stake will be sold in the open market to comply with minimum public shareholding norms.
The 31.06% stake sale to Wilmar is valued at Rs 12,314 crore, based on a maximum share price of Rs 305 per share. Including the stake sold through the open market, total proceeds are expected to exceed $2 billion (approximately Rs 17,100 crore). The transaction is expected to be finalised by March 31, 2025, with the proceeds earmarked to accelerate the growth of AEL’s core infrastructure businesses.
