FMCG exit: Adani to get Rs 11,000cr for 30% JV stake
Adani Enterprises will sell its remaining stake in AWL Agri Business. Wilmar International and institutional investors will purchase the shares. The deal is worth approximately Rs 11,080 crore. Wilmar’s stake in the Fortune edible oil maker will increase. Adani Enterprises plans to use the funds for investments in airports, green hydrogen, roads, and copper operations.🕒 1 min read
Adani Enterprises will sell its remaining stake in AWL Agri Business. Wilmar International and institutional investors will purchase the shares. The deal is worth approximately Rs 11,080 crore. Wilmar’s stake in the Fortune edible oil maker will increase. Adani Enterprises plans to use the funds for investments in airports, green hydrogen, roads, and copper operations.
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