top of page
Search

INDIA'S ADANI GROUP WILL EXIT CONSUMER GOODS JOINT VENTURE WITH SINGAPORE'S WILMAR IN $2 BLN DEAL

  • NEWS Desk Global
  • Dec 30, 2024
  • 1 min read



India's Adani group is exiting its consumer goods joint venture with Singapore's Wilmar International in a $2 billion deal as it looks to bolster its infrastructure business.

The divestment marks the Indian conglomerate's first major transaction since the U.S. indictment of its billionaire founder in November and will see Wilmar acquire the group's 31% stake in Adani Wilmar at a per-share price not exceeding 305 rupees.

Comments

Commenting on this post isn't available anymore. Contact the site owner for more info.
bottom of page