Adani Group plans to sell up to a 20% stake in Adani Wilmar, aiming to raise $833 million.

The Adani Group plans to sell up to a 20% stake in Adani Wilmar to raise about $833 million, focusing more on infrastructure businesses. Adani Commodities will first offer 13.5% of the company, with an option for an additional 6.5%. This move helps the group comply with minimum public shareholding requirements and comes amid legal challenges in the US. Retail investors can bid on January 13, following non-retail bids on January 10.

2 months ago
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