Adani Group in talks to sell 44% stake in Wilmar
Shortpedia
Content Team
Image Credit: business today
Adani Group is discussing selling its entire 43.97% stake in Adani Wilmar. This joint venture with Singapore-based Wilmar International is worth $2.5-3 billion (roughly Rs. 20,800-25,000 crore), reported The Economic Times. The sale aligns with Adani Group's plan to focus on core areas like infrastructure. This decision comes after short-seller Hindenburg's report earlier this year caused a sudden withdrawal of a proposed share sale in Adani Enterprises, leading to major wealth erosion for investors.
