Adani Wilmar Ltd News

Adani Wilmar stks fall below OFS floor price; at lowest level since Feb'22

The company's stock hit an over two-year low of Rs 267.45, tanking 17% in two days and falling below its floor price of Rs 275 fixed for the offer for sale

Adani Group raises Rs 4,850 cr from 13.5% stake sale in Adani Wilmar

Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece. The offer for sale (OFS) included an option to additionally sell up to 8.44 crore shares, or 6.50 per cent equity. Adani Commodities LLP, a subsidiary of Adani Enterprises Ltd, completed the offer for sale (OFS) for 13.5 per cent stake in Adani Wilmar to non-retail investors on Friday, according to information available from stock exchange filings. The transaction saw massive demand from a diverse set of marquee international a

Adani Wilmar shares slide 9% as Promoter begins partial stake sale via OFS

Adani Wilmar OFS: Adani Commodities LLP will offlead 13.5 per cent stake via the OFS. It will have the right to sell an additional 6.5-per cent stake

Adani Commodities to offload 20% stake in Adani Wilmar through OFS

The floor price for the OFS is set at Rs 275, offering a 15% discount to the current market price

Adani Wilmar to expand FMCG portfolio, emulates ITC post-Adani group exit

Adani Wilmar Ltd (AWL), India's largest edible oil company, is adopting a strategy similar to ITC's by leveraging its core business and extensive distribution network to drive growth in its high-margin FMCG portfolio after the Adani group exit, according to sources. Just as ITC used its strong cigarette business to expand into FMCG, AWL is set to use its dominant edible oil business as a foundation for FMCG growth. Following the exit of the Adani Group, Wilmar may further capitalise on this approach by introducing more global FMCG brands into the Indian market, sources aware of the matter said. In the December quarter, AWL's FMCG business achieved a 24 per cent year-on-year growth in volume, underscoring its efforts to expand both its food and FMCG product offerings. Consequently, the share of food and FMCG in overall volumes increased to 20 per cent, while its share in total revenues rose to 9 per cent, up from 10 per cent and 5 per cent, respectively, in FY21. This shift mirrors

Adani Wilmar sees 6% rise in sales volume in Q3, revenue grows 33%

Adani Wilmar, which sells edible oils and other food items, on Saturday reported a 6 per cent annual growth in sales volumes and a 33 per cent increase in revenue in the December quarter. Adani Wilmar, established jointly by Adani Group and Singapore Wilmar Group in 1999 markets its products mainly under Fortune brand. Adani Group recently announced its exit from the joint venture by divesting its entire 44 per cent stake to Wilmar group as well as open market sale. In a regulatory filing on Saturday, Adani Wilmar said the company "achieved a healthy volume growth of 6 per cent year-on-year in Q3 (December quarter), despite significant price hikes driven by surge in raw material costs". Revenue grew 33 per cent year-on-year, it added. "In the edible oils segment, although there was downtrading among consumers, the company maintained its market share by its strategy of having a diverse portfolio of brands at various price points," Adani Wilmar said. The company reported 4 per cent

Lupin, IREDA, AWL: These 4 buzzing stocks can rally up to 28%; hint charts

IREDA stock is seen attempting a breakout on the daily scale, while SJVN is testing support at the key monthly moving average, which the stock has held since August 2020; shows the technical charts.

JPMorgan maintains 'Underweight' rating on Adani Wilmar; share tanks 8%

The sharp decline was triggered by reports revealing that JPMorgan, the New York-based financial giant, maintained its 'Underweight' rating on the stock for a target price of Rs 320

Adani Enterprises to exit consumer goods joint venture with Wilmar Intl

Wholly-owned subsidiary of Wilmar Lence Pte Ltd will acquire up to 31.06 per cent of AWL's equity shares held by Adani Commodities LLP (ACL) via call or put options

Adani Ent to exit Adani Wilmar JV; Group shares rally up to 15% in weak mkt

AEL will use the proceeds from the sale to turbocharger its investments in the core infrastructure platforms in energy & utility, transport & logistics and other adjacency in primary industry.

Adani Group shares trade firm; Power, Green Energy stocks gain up to 9%

Adani Green Energy Twenty Five, a step-down subsidiary of Adani Green, has commissioned a 250 MW solar power project at Rajasthan

Adani Group shares rally for 2nd day; Adani Green, Total Gas zoom up to 19%

At 11:09 am; Adani Total Gas was trading 14% higher, while Adani Green and Adani Energy Solutions were locked in the 10% upper circuit, as compared to nearly 1% decline in the BSE Sensex.

Adani group shares surged up to 6% today; here's what triggered the rally

Adani Green Energy clarified today that allegations against Gautam Adani, Sagar Adani, and senior executive Vneet Jaain under the US FCPA by the US Department of Justice are "incorrect."

Adani, Wilmar delay share sale as US bribery charges hit Adani group

Adani Wilmar Ltd., an equal joint venture between India's Adani Group and the Singapore-based commodity trader, was slated to start the share sale this month to comply with local securities law

Adani shares crack up to 8% on Fitch downgrade; Green, Energy at 52-wk lows

In the past one week, the market price of Adani Green Energy and Adani Energy Solutions tanked 37 per cent and 32 per cent, respectively.

Adani Group shares surge up to 7%; extend recovery post Maha poll verdict

Last week, shares of Adani Group tanked up to 28% after Gautam Adani, along with other executives, were charged by US prosecutors with bribery, fraud charges.

Gautam Adani US indictment: Adani Group stocks extend fall by another 11%

In two days, the stock price of Adani Enterprises and Green Energy have tanked by 28%, Adani Energy slipped 27%, while Ports, Power, Total Gas, Wilmar and Ambuja Cements are down between 14% and 18%

DMart, Tata Consumer, Asian Paints, IGL from BSE200 index hit 52-week lows

Adani Energy and Adani Wilmar from the BSE200 index have hit their respective 52-week lows after Gautam Adani and others were charged by US prosecutors for allegedly bribing Indian officials

​Should you dump Adani Green stock for NTPC Green IPO? What analysts say

Vneet Jaain, former chief executive officer at Adani Green Energy along with Adanis, prosecutors said, raised over $3 billion in loans and bonds by hiding their corruption from lenders and investors

Adani Group shares plunge up to 20% post US SEC bribery, fraud charges

Gautam Adani, along with other executives, has been charged by US prosecutors for allegedly bribing ($250 million) Indian officials.