Last week, the Adani Group said it was divesting its entire 44% stake in the joint venture, offloading 31% to Wilmar and selling the balance 13% to the public to meet minimum public shareholding norms. The transaction, expected to be completed by the end of the current financial year (FY25), will fetch a little over $2 billion for the Adani Group, which the conglomerate is expected to deploy in its core energy and infrastructure businesses, it said last week.
This story is from the January 09, 2025 edition of Financial Express Mumbai.
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This story is from the January 09, 2025 edition of Financial Express Mumbai.
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