Suspense Crime Sach Ka Dam
Gautam Adani-led Adani Group is planning to sell 44% stake in its company, Adani Wilmar. Looking at the current share price, this stake is worth around $2.7 billion. However, this discussion is still in its preliminary stage.
Adani Enterprises is considering selling its stake in Adani Wilmar Shares of Adani Wilmar saw a fall of 5 percent Shares of Adani Enterprises are trading slightly highest
MUMBAI: Entrepreneur Gautam Adani may sell his stake in Adani Wilmar in a major deal. According to a report, Gautam Adani is reportedly planning to sell 44% stake in Adani Wilmar. Adani Wilmar is a joint venture of the Adani Group with the Singapore-based Willmar Group.
How much stake Adani Group will sell
Adani Wilmar’s current valuation is about $6.17 billion. According to a Bloomberg report, Gautam Adani’s 44 percent stake in Adani Wilmar is worth about 2.7 billion, but the plan to sell the stake in the company is still in its preliminary stages, the report said. At the same time, no official statement has come from Adani Group in this matter.
Adani Wilmar losses in quarterly results
Bloomberg reports that Indian billionaire Gautam Adani and his family may retain a small stake in a personal capacity after the sale, while Wilmar may decide to retain its stake in the business. Last week, Adani Wilmar reported a first-quarter loss.
How much stake Adani Group will sell
Adani Wilmar’s current valuation is about $6.17 billion. According to a Bloomberg report, Gautam Adani’s 44 percent stake in Adani Wilmar is worth about 2.7 billion, but the plan to sell the stake in the company is still in its preliminary stages, the report said. At the same time, no official statement has come from Adani Group in this matter.
Adani Wilmar losses in quarterly results
Bloomberg reports that Indian billionaire Gautam Adani and his family may retain a small stake in a personal capacity after the sale, while Wilmar may decide to retain its stake in the business. Last week, Adani Wilmar reported a first-quarter loss.
Gautam Adani-led Adani Group company Adani Wilmer’s shares fell sharply in Wednesday’s session. The stock fell as much as 5 percent in early trade, while Adani Group parent Adani Enterprises rose more than 1 percent. Reports that Adani Enterprises is planning to sell its stake in Adani Wilmar led to volatility in the shares.
Losses due to fall in oil prices
Last week, Adani Wilmar announced its first quarter results in which the company suffered a loss due to fall in edible oil prices. Adani Wilmar’s consolidated revenue fell 12% to Rs 12,928 crore in the first quarter.
