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What will be Adani Enterprises' primary use of the $2 billion from the stake sale by the end of 2025?
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Gautam Adani•Adani Enterprises Ltd•AEL•Adani Wilmar Ltd•AWL•Wilmar International Ltd•Singapore•Wilmar International•Lence Pte Ltd•Adani Enterprises
Resolution / Starting Odds
Infrastructure Development • 25%
Debt Reduction • 25%
Liquidity Improvement • 25%
Other Investments • 25%
Official financial reports from Adani Enterprises; news reports on financial allocations
Story
Adani Enterprises Sells 44% Stake in Adani Wilmar to Wilmar for $2 Billion; Shares Jump 7%
Dec 30, 2024, 10:18 AM
Billionaire Gautam Adani's conglomerate, Adani Enterprises Ltd (AEL), announced on Monday that it will fully exit its joint venture Adani Wilmar Ltd (AWL) by divesting its entire 44% stake to its partner Wilmar International Ltd of Singapore. The exit involves selling 31.06% stake to Wilmar International's subsidiary, Lence Pte Ltd, at a price not exceeding ₹305 per share, and another 13% in the open market to meet minimum public shareholding norms, raising over $2 billion through the transaction. The proceeds from the stake sale are expected to boost AEL's core infrastructure businesses, improve liquidity, strengthen its financial position, and enhance consumer services, with completion expected by March 2025. Following the announcement, shares of Adani Enterprises surged nearly 7% on the BSE, reaching an intraday high of ₹2,505.5 per share amid positive growth projections for FY24.
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Energy & Utility • 25%
Transport & Logistics • 25%
Other Primary Industry Adjacencies • 25%
Mixed Use • 25%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
Decrease by more than 10% • 25%
Decrease by 0-10% • 25%
Increase by 0-10% • 25%
Increase by more than 10% • 25%
Decrease by more than 10% • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Other strategic initiatives • 25%
Investment in cloud computing • 25%
Debt repayment • 25%
Investment in e-commerce • 25%
Increased by more than 10% • 25%
Increased by up to 10% • 25%
Decreased • 25%
No significant change • 25%
Divest further • 25%
Maintain current operations • 25%
Other strategic move • 25%
Expand operations in India • 25%
Yes • 50%
No • 50%
No • 50%
Yes • 50%