Adani to exit Wilmar Joint Venture, to sell 44% in FMCG company for $2 billion

The Adani Group is selling its 44% stake in Adani Wilmar to Wilmar International for $2 billion, shifting focus to its core infrastructure business. This deal marks the end of Adani's 25-year foray into staples, following US accusations of securities fraud against Gautam Adani.

Dec 31, 2024 - 01:00

Adani to exit Wilmar Joint Venture, to sell 44% in FMCG company for $2 billion

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The Adani Group is selling its 44% stake in Adani Wilmar to Wilmar International for $2 billion, shifting focus to its core infrastructure business. This deal marks the end of Adani's 25-year foray into staples, following US accusations of securities fraud against Gautam Adani.