Adani Group Announces Complete Exit from Adani Wilmar

In a significant move, the Adani Group has declared its full exit from the FMCG joint venture, Adani Wilmar. This strategic decision involves selling its entire stake to Singapore-based Wilmar International and through the open market, with the total proceeds expected to exceed $2 billion.

Adani Enterprises Ltd, holding a 43.94% stake in Adani Wilmar Ltd, plans to sell a 31.06% stake to Wilmar International. Additionally, a 13% stake will be sold in the open market to comply with minimum public shareholding norms. The transaction, valued at Rs 12,314 crore based on a maximum share price of Rs 305 per share, is expected to be finalized by March 31, 2025.

Proceeds to Fuel Core Infrastructure Businesses

The proceeds from this sale are earmarked to accelerate the growth of AEL's core infrastructure businesses, reinforcing its position as India's premier listed platform incubator. This move showcases Adani's financial prudence and strategic focus on consumer services in airports and Adani Digital, alongside sustaining its infrastructure investments aligned with the country's growth trajectory.

Adani Wilmar's Market Position and Future

As of December 27, 2024, Adani Wilmar boasted a market capitalization of Rs 42,785 crore ($5.0 billion). The company, a 50-50 partnership between Adani Group and Singapore's Wilmar, operates 23 facilities across 10 states, producing Fortune brand cooking products. This divestment marks a significant comeback for Adani, addressing liquidity concerns and setting the stage for future growth.