Adani Group to Exit Edible Oil Business, to Sell 43.94% Stake

31-Dec-2024 03:13 PM

Adani Group to Exit Edible Oil Business, to Sell 43.94% Stake
Adani Group has decided to sell its 43.94% stake in Adani Wilmar Limited (AWL), marking its exit from the edible oil and related products business.
A portion of this stake will be acquired by Singapore-based Wilmar International.
Post-transaction, Wilmar will own a 75% stake in AWL.
AWL manufactures and markets food products under the 'Fortune' brand.