Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the change-wp-admin-login domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u168781334/domains/cashmycurrency.com/public_html/wp-includes/functions.php on line 6260
.”Explore Selling Stake: Adani Enterprises Considers Divestment from Adani Wilmar Joint Venture” – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services
blog@cashmycurrency.com
Submit Release

.”Explore Selling Stake: Adani Enterprises Considers Divestment from Adani Wilmar Joint Venture”

.”Explore Selling Stake: Adani Enterprises Considers Divestment from Adani Wilmar Joint Venture”

According a report published in Bloomberg news,  Adani Enterprise has been considering a potential sale of its 44% stake in Adani Wilmar for a few months.
| Photo Credit: AFP

India’s Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar for a few months, according to the report.

Indian billionaire Gautam Adani and his family may retain a minority stake in a personal capacity following a sale, while Wilmar could decide to retain its stake in the business, Bloomberg reported.

Deliberations are at an early stage and Adani Enterprises may decide to keep its stake, the report said.

Adani Enterprises and Wilmar did not immediately respond to Reuters’ requests for comment.

Last week Adani Wilmar reported a first-quarter loss, hurt by a steep decline in edible oil prices

Read Full News

Related Posts

Scroll to Top