Adani Plans $2 Billion Exit From India Venture With Wilmar
Dec 30, 2024 · The Adani Group will exit from Mumbai-listed Adani Wilmar Ltd. in a $2 billion multi-phased deal by selling its stake in its consumer joint venture, as the conglomerate’s flagship focuses on its ...
Adani Wilmar shares slide 7% as Adani Enterprises announces exit …
Dec 31, 2024 · Adani Wilmar shares fell 7.2% in early trade on Tuesday, reaching an intraday low of Rs 305.65 on the BSE, as Adani Enterprises (AEL) prepares to exit its 25-year-old joint venture with Wilmar International through a $2 billion deal. AEL intends to redirect the proceeds toward strengthening its core infrastructure platforms, including energy, utilities, transport, and logistics.
Adani to exit Wilmar Joint Venture, to sell 44% in FMCG company …
Dec 30, 2024 · India Business News: The Adani Group is selling its 44% stake in Adani Wilmar to Wilmar International for $2 billion, shifting focus to its core infrastructure business. T
Adani Enterprises to exit Adani Wilmar JV; to sell 31% stake to Wilmar …
Dec 30, 2024 · As of the September quarter, Adani Commodities held a 43.94% stake in the company, while Lence Pte., a unit of Wilmar International, has the remaining 43.94% stake. The current stake that Adani Enterprises owns in Adani Wilmar is …
Adani Group plans $2 billion exit from joint venture with …
Dec 30, 2024 · Wilmar’s share price closed at $3.09 on Dec 30, up 0.65 per cent or two cents from its previous close of $3.07. Sue-Ann Tan is a business correspondent at The Straits Times, covering capital ...
India's Adani group to exit consumer goods joint venture with …
Dec 30, 2024 · India's Adani group is exiting its consumer goods joint venture with Singapore's Wilmar International in a $2 billion deal as it looks to bolster its infrastructure business.
Adani Group to divest $2bn stake in Wilmar joint venture
Dec 30, 2024 · Gautam Adani’s conglomerate will divest its 44 per cent stake in a joint venture food business with Singapore’s Wilmar International to focus on its core infrastructure arm, weeks after the US...
Singapore, August 13, 2024 – Wilmar International Limited (“Wilmar” or “the Group”), Asia’s leading agribusiness group, reported a 5% increase in core net profit to US$606.3 million for the six months ended June 30, 2024 (“1H2024”) (1H2023: US$577.2 million).
Wilmar International Ltd | Reuters
Nov 26, 2024 · Singapore-listed Wilmar International reported a 35.7% fall in third-quarter core net profit on Wednesday, weighed down by weaker China and sugar division operations.
Singapore, February 21, 2024 – Wilmar International Limited (“Wilmar” or “the Group”), Asia’s leading agribusiness group, reported core net profit of US$989.3 million for the half year ended December 31, 2023 (“2H2023”) (2H2022: US$1.26 billion), with improved performance from Plantations & Sugar Milling and Food Products but weaker performance ...