ADANIENT Forex News

Billionare Adani To Exit From Wilmar JV In $2 Bln Deal; Stocks Down

Billionare Adani To Exit From Wilmar JV In $2 Bln Deal; Stocks Down

Indian billionaire Gautam Adani's conglomerate is exiting from its food FMCG joint venture, Adani Wilmar Ltd., with its Singaporean JV partner Wilmar International Ltd. in a deal, which is reportedly worth $2 billion. Shares of Adani Enterprises Limited or AEL dropped around 3 percent in Indian trading after it agreed to sell its entire 44 percent stake in the JV in a multi-phased deal.
RTTNews | 5 days ago
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