Tag: wilmars

Adani Enterprises is exploring selling its stake in its listed consumer-staple joint venture with Wilmar International, freeing up capital for their core business, according to people familiar with the matter.The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar for a few months, the people said, asking not to be identified as the information is confidential. Adani's shares are worth about $2.7 billion at the current share price, according to Bloomberg calculations.Billionaire Gautam Adani and his family may retain a minority stake in...