The Adani group is in separate talks with Wilmar International Ltd, GQG Partners Llc, and the Qatar Investment Authority (QIA) to sell its entire stake in Adani Wilmar Ltd for $2-2.2 billion, two people aware of the development said.
No single entity is expected to acquire the stake on offer, and the Adani group may farm out shares in the edible oils maker to multiple buyers, the people cited above said on condition of anonymity.
"Apart from Wilmar, there are at least four global funds who are keen to buy Adani's stake in Adani Wilmar, and the plan is to finalize the deal before the end of FY24," the first person added. Mint could not ascertain the names of the other two funds.
Wilmar and Adani hold 43.97% each in the joint venture (JV). While the Adani group holds the promoter stake through Adani Commodities Llp, the Singaporean edibles giant holds it through Lence Pte Ltd.
هذه القصة مأخوذة من طبعة November 23, 2023 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة November 23, 2023 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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