Adani Wilmar shares tumbled as much as 8.3% on Monday to Rs 267.45 on the BSE, as the second day of its offer for sale (OFS) got underway. The company’s promoter, Adani Commodities LLP, is offloading up to 19.50 crore shares, representing 15.01% of the company’s equity, including an oversubscription option. The OFS, which opened … Read more
Adani Wilmar shares will be in the spotlight on Tuesday as Adani Enterprises (AEL) is set to exit its 25-year-old joint venture with Wilmar International through a $2 billion deal. AEL plans to redirect the funds toward its core infrastructure platforms, including energy, utilities, transport, and logistics. Singapore-based Wilmar is seeking strategic investors to replace … Read more
Shares of FMCG firm Adani Wilmar jumped 6.4% to Rs 370.7 in Friday’s intraday trade on BSE after billionaire Gautam Adani‘s flagship entity Adani Enterprises on Thursday approved the demerger of the company’s food FMCG business to Adani Wilmar. “It is believed that the proposed demerger will unlock the direct value of the demerged company’s … Read more
Indian market closed in the red for the sixth consecutive day on Thursday, tracking muted global cues. The S&P BSE Sensex fell more than 900 points while the Nifty50 closed below 18,900 levels. Sectorally, selling was seen in auto, metals, oil & gas, and consumer durable stocks while buying was seen in utilities and power … Read more
New Delhi: FMCG stocks were in a rude shock during early trade on Monday following a shortage of palm oil which led to strict actions from major exporting nations. However, edible oil companies gained over the buzz. Indonesia’s ban on palm oil exports shocked global edible oils markets that already reached record high prices this … Read more