Tag: Infrastructure

Adani Group Generates ₹4,850 Crore from Adani Wilmar Stake Sale

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.