Tag: market cap

Adani Wilmar Loses ₹4,258 Crore in Market Value as Shares Fall Amid Announced Stake Sale

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.