Adani Enterprises Ltd. and Wilmar International Ltd. are planning to sell a combined 13% stake in their joint venture, Adani Wilmar Ltd, valued at around $736 million. This sale is expected to take place as early as next month to comply with Indian regulations, which require that non-promoters hold at least 25% of a company’s shares within three years of its listing. Both Adani and Wilmar currently hold approximately 44% each in the venture, meaning their collective 88% stake must be reduced to 75%.
Disclaimer-
It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.
