Adani Enterprises (AEL) will fully exit its 44 per cent stake in Adani Wilmar through a sale of 31.06 per cent to Wilmar’s subsidiary, Lence, and divestment of ~13 per cent to meet public shareholding norms.
Proceeds will fund AEL’s core infrastructure investments.
Adani Wilmar, India’s leading Food FMCG firm, will undergo a name change, pending regulatory approvals.Read More
