Shares of Adani Wilmar, the FMCG company of Adani Group, saw a decline of about 7% today. After the day’s trading, the stock closed at Rs 308.45 with a decline of 6.17%. In fact, on December 30, Adani Group’s flagship company Adani Enterprises Limited (AEL) has announced its exit from Adani Wilmar Joint Venture. Adani Enterprises is selling its entire 44% stake in Adani Wilmar Joint Venture. Adani Enterprises said in a stock exchange filing – The company will sell about 13% shares in Adani Wilmar for compliance with minimum public shareholding requirements. Apart from this, an agreement has been reached between Adani Enterprises, Adani Commodities LLP (ACL) and Lens Private Limited. Under this agreement, Lens Private Limited will buy the equity shares of Adani Wilmar held by Adani Commodities LLP. This purchase will be of the remaining 31.06% stake. Adani Wilmar’s stock fell 7.26% in 6 months
Adani Wilmar’s stock has given a negative return of 7.26% in the last 6 months. At the same time, the stock has also given a negative return of 19.04% in the last 5 years. Enterprises will get ? 17,101 crore from stake sale. About $ 2 billion i.e. Rs 17,101 crore will be raised through the stake sale of Adani Enterprises in Adani Wilmar. Adani Group will use this fund in its ‘Core Infrastructure Platforms’. Also read this news… Adani Wilmar’s profit of Rs 311 crore in the second quarter: Last year there was a loss of Rs 131 crore, shares rose 6% after the results Adani Wilmar, the FMCG company of Adani Group, had a consolidated net profit of Rs 311 crore in the second quarter of the financial year 2024-25. The company had suffered a loss of Rs 131 crore in the same quarter a year ago. Read full news…
