Adani group to exit Adani Wilmar, sell stake to raise over $2 billion
Monday, 30 December 2024 () Adani group is completely exiting Adani Wilmar Ltd by selling its 43.94% stake. A 31.06% stake will be sold to Wilmar International, raising Rs 12,314 crore, and 13% through the open market. The proceeds, exceeding $2 billion, will boost Adani Enterprises' core infrastructure businesses. This move follows legal challenges faced by founder Gautam Adani in a bribery case.
Ahmedabad, Gujarat : The Adani Group and the ISKCON have joined hands to serve meals to devotees at the Maha Kumbh Mela in Prayagraj. The 'Mahaprasad Seva' will be offered for the entire duration of..
Indian opposition leader Rahul Gandhi has called for the immediate arrest of billionaire Gautam Adani following his indictment by U.S. prosecutors on charges of bribery and fraud. Gandhi asserts that..
Congress leader Rahul Gandhi has called for the immediate arrest of Gautam Adani after the billionaire was indicted in the US for his alleged involvement in a bribery scheme linked to solar energy..
The Adani Group is selling its 44% stake in Adani Wilmar to Wilmar International for $2 billion, shifting focus to its core infrastructure business. This deal... IndiaTimes