US EditionWilmar Buys Billionaire Gautam Adani’s 20% Stake In Indian JV For $824 Million
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9 Articles
A post is going viral on social media (here, here, here, & here) that says, “The Kerala Left government shocked Modi with a sensational decision, and the state government bought the Thiruvananthapuram airport and saved it from being privatized and handed over to Adani.” Let’s see how much truth there is in this story. An archived version of this post can be found here. Claim: The Kerala government led by Pinarayi Vijayan bought the Thiruvanantha…
Wilmar Buys Billionaire Gautam Adani’s 20% Stake In Indian JV For $824 Million
The Adani Group has been divesting its shares in AWL. In December, Adani Enterprises announced that it intends to completely divest its stake in the company to focus on its core infrastructure businesses in renewable energy, transport, and logistics.
Adani sells AWL stake to Wilmar for Rs 7,150 cr, to exit FMCG biz soon
New Delhi: Adani Group has sold a 20% stake in AWL Agri Business (formerly known as Adani Wilmar) to Wilmar International, Singapore, for Rs 7,150 crore, as part of its decision to exit the FMCG business and focus on the infrastructure vertical. As per the regulatory filing on Thursday, Adani Commodities LLP (ACL), a subsidiary of Adani Enterprises, will soon sell the residual 10.42 stake in AWL Agri Business, leading to a complete exit from the…
Ahmedabad (Gujarat): According to information filed by Adani Enterprises with the stock exchange, Adani has sold 20 per cent stake in AWL Agri Business Limited to Wilmar International, Singapore for Rs 7,150 crore. The stake sale was done at a rate of Rs 275 per share. In December 2024, Adani Commodities LLP (ACL), a subsidiary of Adani Enterprises Limited, and Lens Private Limited, a subsidiary of Wilmar International, Singapore, entered into a…
Adani Group has made a big deal on Thursday. The group has sold 20 percent stake in its FMCG joint venture company AWL Agri Business Limited to Singapore's Wilmar International for Rs. 7,150 crore. This deal was done at a rate of Rs. 275 per share, after which AWL's shares saw a huge jump. So let's know how much the shares increased. This deal is part of Adani Group's plan to exit the FMCG sector. Earlier, in January 2025, the group had sold 13.…
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