Adani Group to sell stake in Adani Wilmar for $2 billion By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2024
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Source: Investing.com
Adani Group's Stake Sale: The Adani Group plans to sell its 44% stake in Adani Wilmar Ltd. in a two-phase deal valued at $2 billion, focusing on enhancing its core infrastructure businesses.
Transaction Details: Adani Enterprises will sell 13% of its shares to meet public shareholding requirements, while Wilmar International will buy the remaining 31% at a price lower than the current market value.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
