Business Standard

Adani Wilmar fixes IPO price band at Rs 218-230 per share

The public issue of Adani Wilmar comprises fresh issue of equity shares and there will not be any secondary offering


Press Trust of India New Delhi
Adani Wilmar on Friday fixed a price band of Rs 218-230 a share for its Initial Public Offering (IPO) through which it aims to raise up to Rs 3,600 crore to fund capital expenditure, reduce debt and for acquisitions as it seeks to become India’s biggest food and FMCG company.

Adani Wilmar, which is an equal joint venture between Ahmedabad-based Adani group and Singapore's Wilmar group, will hit the capital market during January 27-31 period with the offer.

The public issue of Adani Wilmar, which markets its edible oils and some food products under Fortune brand, comprises fresh

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First Published: Jan 21 2022 | 11:47 PM IST

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