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Adani Wilmar and Gautam Adani will part ways, Adani Group may sell 44 percent stake

According to a Bloomberg report, the Adani Group is considering selling stake in its FMCG venture Adani Wilmar. It is being told that the Adani Group is exploring the possibility of a possible sale of its 44 per cent stake in Adani Wilmar. At the current share price, Adani’s shares in the company are worth about $2.7 billion.

Adani Wilmar is a joint venture between Adani Enterprises Limited and Wilmar International Limited of Singapore.

After this news came to the fore, there was a tremendous decline in the shares of Adani Wilmar in the stock market. Shares of Adani Wilmar fell as much as 4.8% to Rs 374 on BSE in early trade today. Adani Wilmar was listed in the stock market in February 2022.