Adani Enterprises approves demerger of food-FMCG division to Adani Wilmar, aiming to focus on food business and unlock value.
Adani Enterprises Ltd has approved the demerger of its food-FMCG division and strategic investments in Adani Commodities LLP, transferring them to Adani Wilmar Ltd. The move aims to focus on the food business and unlock shareholder value. Post-demerger, Adani Wilmar, an equal joint venture between Adani Group and Singapore's Wilmar Group, will see a change in its equity structure, with Adani Commodities and Wilmar each holding a 43.94% stake. Adani Enterprises' shareholders, including promoter and promoter group shareholders, will directly hold shares in Adani Wilmar. The demerger will allow the food FMCG business to attract different investors, strategic partners, and lenders, and enable independent collaboration and expansion.
August 01, 2024
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