Adani Wilmar OFS: Promoter entity will promote 20% stake, all particulars together with flooring value – INA NEWS
Adani Wilmar OFS: Shares in Adani Group firm Adani Wilmar are going to be offered by means of Provide for Sale (OFS). Adani Commodities, one of many promoter entities of Adani Wilmar, will promote as much as 20 per cent stake within the firm by means of OFS on January 10 and 13. The ground value of the OFS might be Rs 275 per share, which is 15 per cent decrease than Adani Wilmar’s closing value on Thursday, the corporate mentioned in an trade submitting as we speak, January 9. Adani Wilmar shares fell by 0.64 % as we speak and closed at Rs 323.95 on BSE.
What did Adani Wilmar say in its trade submitting?
Adani Wilmar’s submitting on January 9 mentioned the OFS could have a base provide of 13.50 per cent fairness with a inexperienced shoe possibility. Adani Commodities LLP will promote 17.54 crore shares or 13.50% stake in Adani Wilmar as a base provide on January 10 and 13, with an choice to promote an extra 8.45 crore shares (6.50% of the paid-up fairness) in case of oversubscription.
The OFS will open for non-retail traders on Friday, January 10 and for retail traders on Monday, January 13. A minimal of 25% of the OFS has been reserved for mutual funds and insurance coverage firms. Vintage Broking, ICICI Securities, Jefferies, Nuvama Wealth and SBICAP Securities are the brokers of the provide on the market.
Adani Group will exit from Adani Wilmar
Adani Enterprises plans to promote 13% stake in Adani Wilmar to fulfill minimal public shareholding necessities. On the similar time, it was agreed to purchase the remaining 31% stake by Adani Wilmar’s different promoter entity Wilmar Worldwide.
As of the September quarter, Adani Commodities held 43.94% stake within the firm, whereas Wilmar Worldwide’s unit Lens Pvt Ltd holds the remaining 43.94%. Adani Enterprises’ present stake in Adani Wilmar is valued at over ₹18500 crore or $2 billion.
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Adani Wilmar OFS: Promoter entity will promote 20% stake, all particulars together with flooring value
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