Adani Wilmar News / Adani Group decides to exit this giant company by selling its entire stake

Adani Wilmar News: Adani Group, led by billionaire industrialist Gautam Adani, has made an important announcement on Monday. The group has said that it is going to exit its joint venture Adani Wilmar. In this process, Adani Group will sell its entire stake to Singapore-based company Wilmar International and in the open market. The valuation of this deal is estimated to be more than $2 billion.

Stake details

Adani Enterprises Limited clarified in its statement that the company will sell 31.06 percent stake to Wilmar International. Apart from this, the remaining 13 percent stake will be sold in the open market to meet the minimum public shareholding requirements.

Deal deadline

The deal is planned to be completed by March 31, 2025. However, Adani Group has not disclosed the price for the sale of the stake. But it is estimated that the deal could be more than $2 billion.

Adani Wilmar: A leading FMCG company

Adani Wilmar is one of India's leading FMCG (fast moving consumer goods) companies, majoring in the production and distribution of edible oil and other food ingredients. The company's wide range of products under the Fortune brand includes everyday use items like soybean oil, mustard oil, sunflower oil, peanut oil, basmati rice, flour, gram flour, lentils, poha, sugar and semolina.

Other products and brands

Adani Wilmar is not limited to just food items. It also sells products like soaps and handwashes under the Alife brand, and floor cleaners under the Ojel brand. Apart from this, it also makes various edible oils available in the market under the Kings, Aadhar, Raga, Bullet, and Avsar brands.

Current market cap

The current market cap of the company is Rs 42,824.41 crore (about $5 billion). This reflects Adani Wilmar's strong presence in the Indian FMCG market.

Importance of this deal

The decision to exit Adani Wilmar reflects a change in the strategic priorities of the Adani Group. The group's move will give Wilmar International greater control over the company, while Adani Group will be able to focus its resources on other important projects.

This move is a major development for the Indian corporate world, underlining the expansion plans of the Adani Group and new opportunities for global investors. Upon successful completion of this deal, the leadership of Adani Wilmar will completely shift to Wilmar International.