Adani to shift flagship's food business to Wilmar JV
Friday, 2 August 2024
Shareholders of Adani Enterprises will be issued shares of Adani Wilmar as consideration for the transfer of the foods business. Adani Enterprises owns about 44% of Adani Wilmar, in which Singapore's Wilmar holds a stake. However, once the scheme is implemented, shareholders of Adani Enterprises will directly own Adani Wilmar shares.
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