Adani Group offered 13.50% stake in Adani Wilmar, acquired ₹4850 crore – INA NEWS

Adani Wilmar Stake Sale: Adani Group has raised Rs 4,850 crore by promoting 13.5 % stake in Adani Wilmar Joint Enterprise. On January 9, Adani Group had introduced the sale of 17.54 crore shares (13.50 % fairness) in Adani Wilmar by way of Supply for Sale (OFS) to non-retail buyers on January 10 and to retail buyers on January 13. It was mentioned that the sale shall be performed on the flooring worth of Rs 275 per share. Adani Wilmar is a three way partnership between Adani Group and Singapore’s Wilmar.

An choice to individually promote 8.44 crore shares or 6.50 % fairness stake has additionally been stored on this OFS. Allow us to inform you that Adani Enterprises is exiting by promoting its whole 43.94 % stake in Adani Wilmar. This stake sale is being performed in two phases. The corporate had mentioned in an announcement on December 30 that beneath the primary section, Adani Enterprises will promote roughly 13% shares in Adani Wilmar to adjust to the minimal public shareholding necessities.

Aside from this, for the second section, Adani Enterprises, Adani Commodities LLP and Lens, a subsidiary of Wilmar Worldwide, have signed an settlement. Within the second section, Lens will purchase the fairness shares of Adani Wilmar held by Adani Commodities LLP. This buy shall be for the remaining 31 % stake. Adani Commodities LLP is a subsidiary of Adani Enterprises. Within the second section, Wilmar Worldwide Restricted has agreed to accumulate the remaining stake at a worth of Rs 305 per share.

Greater than 100 buyers participated in OFS on January 10.

Adani Group is promoting this as a part of its technique to exit non-core actions to give attention to its core infrastructure enterprise. In keeping with data acquired from the inventory market, Adani Commodities LLP accomplished OFS on Friday, January 10 for the sale of 13.5 % stake in Adani Wilmar to non-retail buyers. The transaction witnessed sturdy demand from numerous worldwide and home buyers. This was one of many largest OFS in current occasions within the Indian capital market, with greater than 100 buyers taking part.

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“We want to inform the inventory exchanges of our intention to train the oversubscription possibility of as much as 1.96 crore shares (1.51 per cent) on this supply. 17.54 crore fairness shares,” the group mentioned in a submitting to the inventory exchanges. The shares shall be a part of the bottom supply. This may take the full variety of shares provided within the supply to 19.50 crore (15.01 per cent), out of which 1.95 crore shares (1.50 per cent) shall be obtainable as a part of the supply on January 13.

Adani Group has raised fairness capital of $ 3.15 billion to date in FY25

With this transaction, Adani Group has raised a complete fairness capital of $ 3.15 billion to date in FY 2025. With the profitable closing of OFS, Adani Wilmar has complied with the minimal public shareholding norms. Now the promoters’ stake within the firm is 74.37 % and the remaining 25.63 % is with the general public shareholders. On January 10, Adani Wilmar shares fell 10 % to shut at Rs 291.60 on BSE.

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