6 days ago
Adani Group to Get $1.3 Billion From Wilmar JV Stake Sale
Adani Enterprises Ltd. expects to get 108.7 billion rupees ($1.3 billion) by selling its residual stake in AWL Agri Business Ltd. as the ports-to-power conglomerate exits non-core activities to focus on its mainstay infrastructure businesses like renewables and airports.
Billionaire Gautam Adani-led firm has agreed to sell a 20% stake in AWL – formerly Adani Wilmar Ltd. – to partner Wilmar International Ltd. 's unit Lence Pte. at 275 rupees a share, it said in a stock exchange filing Thursday.
