Adani Group and Wilmar International Reportedly Considering $670 Million Stake Sale in Joint Venture
Wednesday, 17 July 2024, 07:13
Overview
Gautam Adani's Adani Group and Wilmar International are reportedly considering a major stake sale in their joint venture, potentially worth $670 million.
Market Performance
Shares of Adani Wilmar have decreased by 6.8% this year, leading to the company's current market valuation standing at approximately $5.1 billion.
Stake Sale
In a strategic move, Adani Group and Wilmar International are exploring a significant stake sale in their joint venture, which could potentially impact the companies' future growth and market position.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.