The Adani Group has announced plans to sell its stake in Adani Wilmar, a leading consumer goods company, to its joint venture partner Wilmar International.
The sale, valued at ₹123.14 billion, aligns with the conglomerate’s strategic decision to concentrate on its core infrastructure businesses.
Compliance with Regulatory Requirements
Adani Enterprises, the flagship firm of the group, will offload a thirteen percent stake in Adani Wilmar to meet India’s minimum public shareholding norms.
In addition, Singapore-based Wilmar International will acquire Adani’s remaining 31% stake at a price not exceeding ₹305 per share.
Reinvestment in Growth
Adani will channel proceeds from the divestment into strengthening its infrastructure platforms, focusing on key sectors such as energy, utilities, transport, and logistics.
The move underscores the group’s commitment to scaling its core operations.
Regulatory Approvals Pending
The transaction is subject to standard conditions, including necessary regulatory approvals. The company emphasized that the sale will be executed in compliance with applicable legal and procedural requirements.
As reported by msn.com, the significant development highlights the Adani Group’s focus on streamlining operations. It also emphasizes maximizing growth in its priority sectors.
