Adani Wilmar OFS: Adani Group Raises Rs 4,850 cr by selling 13.5% stake in Fortune Oil maker
The sale, which was announced last month, involved the sale of 17.54 crore shares (13.50% equity) in Adani Wilmar on January 10 to non-retail investors and on January 13 to retail investors at a minimum price of Rs 275 per share.
Adani raises Rs 4,850 crore from sale of 13.5% stake in Adani Wilmar
Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business.
Adani Wilmar shares slide 9% as promoter looks to divest 20% stake via OFS
Adani Wilmar shares dropped 9% to ₹293.55 after promoter Adani Commodities announced plans to divest a 13.5% stake via an Offer For Sale. The sale price is set at ₹275 per share, with non-retail investors eligible from January 10.
India's Adani to sell up to 20% stake in Wilmar joint venture
India's Adani Group said on Thursday it plans to sell a stake of up to 20% in Adani Wilmar to the public, as the conglomerate looks to comply with minimum public shareholding rules amid plans to exit the consumer goods company.
Adani Group to Raise $833 Million as It Exits JV With Wilmar
The Adani Group will raise 71.48 billion rupees ($833 million) by selling up to 20% stake in Mumbai-listed Adani Wilmar Ltd. as it exits non-core activities to focus on the bread-and-butter infrastructure businesses.
Adani Group raises Rs 4,850 crore after selling 13.5 pc stake in Adani Wilmar
The Adani Group on Friday raised about Rs 4,850 crore after selling 13.5 per cent of its stake in Adani Wilmar. The conglomerate last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner.
Adani Wilmar shares crash 9% as promoter looks to sell up to 20% stake via OFS
Adani, which holds nearly 44% stake, will sell up to 13.5% to the public in an offer for sale beginning Jan 10, with an option to sell an additional 6.5%
Adani Wilmar OFS: Share price tanks 10% as promoter plans to sell 20% stake
Adani Wilmar shares fell over 9% on Friday, January 10, as the two-day offer-for-sale (OFS) by promoter Adani Commodities LLP kicks off. Read on to find out why the stock declined.
Adani raises offer-for-sale size to 20% in Wilmar JV
MUMBAI: Adani Group has decided to increase the size of its offer for sale (OFS) to offload part of its stake in Adani Wilmar to 20 per cent from 13 per cent announced earlier, due to strong demand from institutional investors.
Adani Commodities To Exit 20% Stake In Adani Wilmar Via Offer For Sale
Days after announcing its exit from Adani Wilmar, Adani Commodities is all set to sell a 20 per cent stake in the company via an offer for sale (OFS) route. In an exchange filing, Adani Commodities LLP,
Adani Wilmar OFS: Gautam Adani-led group to dilute 20% more stakes in JV - Check floor price, retail portion
An additional option to sell up to 8.44 crore shares will be included in the offer for sale (OFS) or 6.5% of equity shares. The port-to-power conglomerate, which owns 43.94 percent of the joint venture,
Adani Wilmar to become subsidiary of Wilmar International after share sale
Adani Group, a port-to-power conglomerate that holds a nearly 44 per cent stake in Adani Wilmar, will sell up to 13.5 per ...
The Edge Singapore10h
Aletheia Capital upgrades Wilmar to 'buy' from 'sell' on higher margins and Adani JV acquisition
Nirgunan Tiruchelvam of Altheia Capital has turned bullish on Wilmar International following news that it will be taking ...
Wilmar’s Strategic Acquisition of Adani Wilmar: Growth Prospects and Shareholder Value Amidst Neutral Short-term Impact
Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener ...
The Pioneer9h
Adani Wilmar stock tanks nearly 10 pc
Shares of Adani Wilmar tumbled nearly 10 per cent on Friday morning following news that the Adani Group will raise Rs 7,148 crore from the sale of up to 20 per cent stake in the FMCG firm in the open ...
Press Trust of India on MSN10h
Adani to Raise Rs 7,148 Crore from Adani Wilmar Stake Sale
The offer for sale (OFS) will include an option to additionally sell up to 8.44 crore shares or 6.50 per cent equity.