Adani Group and Wilmar International Discuss Potential $670 Million Stake Sale
Tuesday, 16 July 2024, 13:46
Adani Group and Wilmar International Plan $670 Million Stake Sale
In an intriguing development, Adani Group and Wilmar International are in discussions regarding a potential $670 million stake sale in their joint venture.
Market Impact
The revelation has caused a stir in the market, with Adani Wilmar's shares experiencing a 6.8% decline since the beginning of the year. As a result, the company's valuation now stands at around $5.1 billion.
Strategic Decision
The move signifies a strategic shift for both companies, signaling a potential reevaluation of their joint venture and future business strategies.
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