Adani Wilmar shares dive 8% as AEL set to exit from JV

Adani Enterprises to raise over $2 billion after exiting from Adani Wilmar JV
Adani Enterprises Ltd (AEL) on Monday announced that it will exit Adani Wilmar Ltd (AWL) by divesting its entire 44 per cent stake in the joint venture to raise over $2 billion.
Adani Wilmar shares dive 8% as AEL set to exit from JV; check analyst views & targets
Shares of Adani Wilmar tumbled 8 per cent on Tuesday after Gautam Adani led conglomerate decided to exit the 25-year-old joint venture with Wilmar International.
AEL To Exit Adani Wilmar JV, Signs Agreement With Wilmar International
Adani Enterprises Limited has been agreed between the parties that AEL will divest ~13% of shares in Adani Wilmar to achieve compliance with minimum public shareholding requirements.
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 Enterprises shares: What Ventura says on Adani Wilmar JV exit, target price
Ventura, which maintained a target price of Rs 3,801 on Adani Enterprises, noted that the transaction marks AEL's first major move since the US Department of Justice (DOJ) indictment in November 2024,
Adani Enterprises plans its Wilmar joint venture exit
Adani Enterprises plans to sell around 13% of its stake to meet public shareholding norms, while Wilmar International will purchase the remaining 31% stake.
Adani to exit consumer goods venture Adani Wilmar in $2 billion deal
The funds from the stake sale will strengthen the incubation capacity of AEL and further sharpen the focus on consumer services under airports and Adani Digital.
Adani Enterprises Shares Witness 2.85% Dip: Trading at ₹2,510.95
Adani Enterprises shares are experiencing high market volatility as the year ends. The Adani Enterprise share price is ₹2,510.95 as of 11.15 am on Dec 31, 2024.
Adani Enterprises shares: Ventura cuts AEL stock price target by 37%; here's why
A sharp volatility in Adani Enterprises share price following the Hindenburg Research episode has elevated the stock's beta, while a one-year delay in the green H2 project has further impacted DCF valuations,
Adani Wilmar shares tumble 8% after Adani’s exit
Shares of Adani Wilmar hit a low of ₹303.30 on the BSE, taking the market cap of Fortune edible oil producer to under ₹40,000 crore.
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AEL to exit Adani Wilmar JV
In addition, it has been agreed between the parties that AEL will divest 13% shares in Adani Wilmar to achieve compliance with minimum public shareholding requirements. It may be noted that with ...
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