Adani Group to sell 20% stake in Adani Wilmar via OFS, floor price set at ₹275
2 months, 2 weeks ago

Adani Group to sell 20% stake in Adani Wilmar via OFS, floor price set at ₹275

Live Mint  

FMCG player Adani Wilmar is expected to draw attention on Friday, January 10, following the Thursday evening announcement that its founder plans to divest a stake in the company via an Offer For Sale. Adani Commodities, the promoter entity of Adani Wilmar under the Adani Group, plans to divest a 13.5 per cent stake, equivalent to 17.54 crore shares, through this OFS, according to the company's exchange filing on Thursday evening. As part of this plan, the company intended to sell a 13 per cent stake to meet the minimum public shareholding requirements, while Wilmar International, the other promoter of Adani Wilmar, agreed to acquire the remaining 31 per cent stake. As of the September quarter, Adani Commodities held a 43.94 per cent stake in Adani Wilmar, with Lence Pte., a subsidiary of Wilmar International, owning an equal 43.94 per cent stake.

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