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What will Wilmar International's strategy be following the acquisition of additional stake in Adani Wilmar by December 31, 2025?
2
Resolution / Starting Odds
Expand operations in India • 25%
Divest further • 25%
Maintain current operations • 25%
Other strategic move • 25%
Official announcements or strategic reports from Wilmar International
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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Yes • 50%
Other Primary Industry Adjacencies • 25%
Transport & Logistics • 25%
Energy & Utility • 25%
Mixed Use • 25%
Rs 40,000 - Rs 45,000 crore • 25%
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Rs 45,000 - Rs 50,000 crore • 25%
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Infrastructure Development • 25%
Debt Reduction • 25%
Liquidity Improvement • 25%
Expansion into new markets • 25%
No significant change • 25%
Digital transformation • 25%
Focus on sustainability • 25%