Adani to exit consumer goods venture Adani Wilmar

India's Adani group to exit consumer goods joint venture with Singapore's Wilmar in $2 billion deal
India's Adani group is exiting its consumer goods joint venture with Singapore's Wilmar International in a $2 billion deal as it looks to bolster its infrastructure business. The divestment marks the Indian conglomerate's first major transaction since the U.
Adani Group Exits FMCG Joint Venture With Wilmar In $2 Billion 'Fortune' Deal
Gautam Adani’s group announced its complete exit from Adani Wilmar Ltd (AWL) on Monday (30 December), selling its entire 43.94 per cent stake in the Fortune brand FMCG joint venture to Singapore-based Wilmar International and through an open market sale.
Adani group to exit Adani Wilmar, sell stake to raise over $2 billion
Adani group is completely exiting Adani Wilmar Ltd by selling its 43.94% stake. A 31.06% stake will be sold to Wilmar International, raising Rs 12,314
Adani group to exit FMCG venture with Wilmar to raise $2 billion
With completion of these two legs, Adani Enterprise Ltd (AEL) would completely exit its 44 per cent holding in the firm. Adani Wilmar had market capitalisation of ₹42,785 crore ($5.0 billion) as on Friday.
Adani Wilmar shares tank nearly 8% as Adani Group announces exit from FMCG joint venture
Shares of Adani Wilmar tumbled nearly 8 per cent on Tuesday after billionaire Gautam Adani's group announced its exit from the FMCG joint venture by selling its entire stake to the Singaporean partner in the open market for over USD 2 billion. The stock tanked 7.95 per cent to Rs 303.30 on the BSE.
Adani group to exit consumer goods joint venture with Singapore's Wilmar in $2 billion deal
India's Adani group will exit the consumer goods joint venture with Singapore's Wilmar International in a deal valued at $2 billion as the Indian conglomerate focuses on core its infrastructure business.
Shares of Adani Wilmar fall 7% after Adani Group’s decision to sell its stake
The Adani Group is divesting its entire 44 per cent stake in Adani Wilmar, its FMCG joint venture with Singapore-based Wilmar International.
Adani Group plans $2 billion exit from joint venture with Singapore’s Wilmar
Adani Wilmar exports products such as rice, castor oil and oleochemicals to over 30 countries. Read more at straitstimes.com.
India's Adani group to exit consumer goods joint venture with Singapore's Wilmar in $2 bln deal
The Adani Group will sell its stake in consumer goods firm Adani Wilmar to joint venture partner Wilmar International for 123.14 billion rupees ($1.44 billion) as the Indian conglomerate sharpens its focus on infrastructure projects.
Adani Group to divest $2bn stake in Wilmar joint venture
First major capital raise since US indicted billionaire Gautam Adani and associates in an alleged bribery scheme
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