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Adani to exit Wilmar Joint Venture
India's Adani group to exit consumer goods joint venture with Singapore's Wilmar in $2 billion deal
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.
Adani group to exit Adani Wilmar, sell stake to raise over $2 billion
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
Adani Wilmar shares tank nearly 8% as Adani Group announces exit from FMCG joint venture
Shares of Adani Wilmar tumbled nearly 8 per cent on Tuesday after billionaire Gautam Adani's group announced its exit from the FMCG joint venture by selling its entire stake to the Singaporean partner in the open market for over USD 2 billion. The stock tanked 7.95 per cent to Rs 303.30 on the BSE.
Adani group to exit consumer goods joint venture with Singapore's Wilmar in $2 billion deal
India's Adani group will exit the consumer goods joint venture with Singapore's Wilmar International in a deal valued at $2 billion as the Indian conglomerate focuses on core its infrastructure business.
Adani Group plans $2 billion exit from joint venture with Singapore’s Wilmar
Adani Wilmar exports products such as rice, castor oil and oleochemicals to over 30 countries. Read more at straitstimes.com.
Adani to exit Wilmar Joint Venture, to sell 44% in FMCG company for $2 billion
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 marks the end of Adani's 25-year foray into staples,
India's Adani group to exit consumer goods joint venture with Singapore's Wilmar in $2 bln deal
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.
Daily Excelsior
31m
Civil, criminal cases against Gautam Adani, others related, assigned to one judge: Court order
A New York court has ordered that the criminal and civil cases filed against Indian billionaire Gautam Adani and others in a ...
devdiscourse
8h
Adani's Legal Challenges in the US: Linking Cases and Allegations
A New York court has ordered the criminal and civil cases against Gautam Adani and others to be related due to similar ...
17h
Adani Group's US SEC and New York cases assigned to one judge for judicial efficiency: CNBC-TV18
The US Securities and Exchange Commission and Eastern District of New York criminal cases against the Adani Group for an alleged bribery scheme have been assigned to a single judge for judicial ...
3d
Shares of Adani Wilmar fall 7% after Adani Group’s decision to sell its stake
The Adani Group is divesting its entire 44 per cent stake in Adani Wilmar, its FMCG joint venture with Singapore-based Wilmar ...
4d
Adani Green CEO Singh to Step Down, Take New Role in Group
Adani Green Energy Ltd.’s Chief Executive Officer, Amit Singh, will step down from his current role with effect from March 31 ...
4d
Adani group to exit consumer goods joint venture with Singapore’s Wilmar in US$2-billion deal
India’s Adani group will exit the consumer goods joint venture with Singapore’s Wilmar International in a deal valued at ...
15h
US Court Consolidates Lawsuits Against Gautam Adani Over Alleged USD 265 Million Bribery
A New York court consolidates three lawsuits against Gautam Adani, alleging USD 265 million in bribes for solar contracts.
14h
Adani Ports’ cargo volume grows 8 pc in December
The total cargo volume of Adani Ports and Special Economic Zone Limited (APSEZ) grew 8 per cent (year-on-year) to 38.4 ...
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India
Wilmar International
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