Adani Enterprises sells its 44% stake in Adani Wilmar for over $2 billion, investing proceeds in core businesses amid US legal scrutiny.

Adani Enterprises plans to exit its joint venture with Wilmar International, Adani Wilmar, by selling its entire 44% stake. This includes a 31% stake to Wilmar for about $1.48 billion and an additional 13% in the open market to meet shareholding requirements. The deal, expected to raise over $2 billion, will be used to invest in Adani's core infrastructure businesses like energy and logistics. This move comes amid the Adani Group facing legal scrutiny in the US.

3 months ago
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