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Market
How will Adani Wilmar's market share in India's edible oil sector change by June 30, 2025?
2
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Story
Adani Enterprises Exits Wilmar JV, Selling 31.06% Stake and 13% in Open Market for Over $2 Billion on December 30, 2024
Dec 30, 2024, 09:52 AM
Adani Enterprises Limited (AEL) has announced its decision to exit its joint venture with Adani Wilmar Ltd, selling a total of 31.06% of its stake to partner Wilmar International of Singapore, along with an additional 13% to be sold in the open market. The total proceeds from these transactions are expected to exceed USD 2 billion. The agreement was signed on December 30, 2024, and aims to achieve minimum public shareholding requirements. The transaction involves Lence Pte. Ltd., a wholly-owned subsidiary of Wilmar International, which will facilitate the sale.
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