Adani Group and Wilmar International may sell 13% stake in JV
ECONOMY & POLICY

Adani Group and Wilmar International may sell 13% stake in JV

Billionaire Gautam Adani and Singapore-based food processing giant Wilmar International are in early discussions with banks to sell a minority stake in their consumer joint venture, Adani Wilmar. This move aims to help the company comply with shareholding regulations, according to sources familiar with the matter.

The owners are considering selling equal stakes totalling 13% in Adani Wilmar, valued at approximately $670 million. The sale could occur in the coming months. Shares of Adani Wilmar have declined 7% this year, bringing the company's valuation to about $5 billion.

The stake sale could be executed in one or multiple tranches, depending on investor interest. Adani and Wilmar have until February next year to reduce their combined holding to 75%, in line with SEBI regulations. Details such as the size of the stake sale and its timing are still being finalised. Representatives for Adani Group and Wilmar International declined to comment, and Adani Wilmar did not provide an immediate response. (Source: ET)

Billionaire Gautam Adani and Singapore-based food processing giant Wilmar International are in early discussions with banks to sell a minority stake in their consumer joint venture, Adani Wilmar. This move aims to help the company comply with shareholding regulations, according to sources familiar with the matter. The owners are considering selling equal stakes totalling 13% in Adani Wilmar, valued at approximately $670 million. The sale could occur in the coming months. Shares of Adani Wilmar have declined 7% this year, bringing the company's valuation to about $5 billion. The stake sale could be executed in one or multiple tranches, depending on investor interest. Adani and Wilmar have until February next year to reduce their combined holding to 75%, in line with SEBI regulations. Details such as the size of the stake sale and its timing are still being finalised. Representatives for Adani Group and Wilmar International declined to comment, and Adani Wilmar did not provide an immediate response. (Source: ET)

Next Story
Real Estate

MARC Auditorium

Spanning 80 acre on the outskirts of Bengaluru, the Manipal Academy of Higher Education (MAHE) recently inaugurated the Dr Ramdas M Pai Convention Hall and Food Court (MARC), a 123,000-sq-ft facility comprising a 1,200-seater auditorium above and a two-level food court below.Elaborating on the design framework, Akshay Heranjal, Co-Founder and Principal Architect, The Purple Ink Studio, remarks, “The design programme included two distinct facilities: a food court spanning two (lower) levels and a 1,200-seater auditorium positioned above. A rectangular soft enclosure of a p..

Next Story
Infrastructure Transport

Ceigall 2.0 has begun and the journey ahead looks promising

"We are a nearly 23-year-old company and if I had to define Ceigall, it’s simple – what comes on the road, we build it,” said Ramneek Sehgal, Managing Director of Ceigall India, which is known for its ability to deliver complex projects on time, such as the successful completion of the Katra Expressway. “Ceigall is making its mark in India's construction landscape. From highways, expressways and elevated roads to railways, metro railways, runways and tunnels – you name it, we do it. Beyond roads, we’re also into utilities and solar energy projects. We've already installed thre..

Next Story
Infrastructure Urban

Hyderabad Ranked Fastest Growing City for Infra Development

Hyderabad has emerged as the fastest-growing city in India among the top six, excelling in key areas such as governance, socio-economic profile, physical infrastructure, and real estate. According to the latest India Prime City Index report by Knight Frank India, the city has experienced remarkable growth, driven by extensive infrastructure projects, a surge in real estate demand, and a rising population of ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs). Proactive policy initiatives have also played a role in enhancing the city’s socio-economic landscape. F..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000