Adani Group Generates ₹4,850 Crore from Adani Wilmar Stake Sale
April 5, 2025 by Ishaan Verma
Adani Group has successfully raised ₹4,850 crore through an offer for sale (OFS) of its 13.5% stake in Adani Wilmar, marking a strategic exit to prioritize core infrastructure projects. The sale is part of a plan to comply with public shareholding norms and focus resources on sectors like airports and green hydrogen. Despite the stock's decline during the OFS, Wilmar International is set to acquire the remaining stake.
Adani Wilmar Loses ₹4,258 Crore in Market Value as Shares Fall Amid Announced Stake Sale
March 8, 2025 by Ishaan Verma
On January 10, 2025, Adani Wilmar's shares dropped 10%, resulting in a ₹4,258 crore loss in market cap. This followed a 13.5% stake sale by Adani Group at a discounted price, sparking investor concerns. The move is part of a bigger plan to focus on Adani's core infrastructure projects, with remaining shares to be acquired by Wilmar International.
Adani Wilmar Shares Plunge 10% Amid Stake Sale and Legal Controversies
February 3, 2025 by Ishaan Verma
Adani Wilmar shares experienced a dramatic 10% decline, hitting record lows due to a 20% stake sale via an Offer for Sale (OFS) and legal challenges against Gautam Adani in the United States. The OFS, involving 17.54 crore shares offered at a discounted floor price, heightened negative sentiment. Meanwhile, the Adani Group witnessed substantial financial losses, with Wilmar International set to acquire remaining shares post-OFS.