Ventura, which maintained a target price of Rs 3,801 on Adani Enterprises, noted that the transaction marks AEL's first major move since the US Department of Justice (DOJ) indictment in November 2024,

Adani Enterprises announced its decision to fully exit its joint venture with Wilmar International, known as Adani Wilmar, where it held a 44% stake.

Adani Enterprises plans to sell around 13% of its stake to meet public shareholding norms, while Wilmar International will purchase the remaining 31% stake.

Wilmar International is to acquire a chunk of the shares held in India venture Adani Wilmar from its partner Adani Enterprises, which is leaving the alliance. Singapore-based agri-food group Wilmar International is to pay around Rs126.

Adani Enterprises Ltd (AEL) on Monday announced that it will exit Adani Wilmar Ltd (AWL) by divesting its entire 44 per cent stake in the joint venture to raise over $2 billion.

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The Adani Group will sell its stake in consumer goods firm Adani Wilmar to joint venture partner Wilmar International for 123.14 billion rupees ($1.44 billion) as the Indian conglomerate sharpens its focus on infrastructure projects.

Adani Enterprises plans to raise over $2 billion by fully exiting its joint venture with Adani Wilmar. Read this article to know more!

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India's Adani group is exiting its consumer goods joint venture with Singapore's Wilmar International in a $2 billion deal as it looks to bolster its infrastructure business. The divestment marks the Indian conglomerate's first major transaction since the U.