Adani Group plans $2 billion exit from joint venture with Singapore’s Wilmar

Quick Summary:

Adani Wilmar exports products such as rice, castor oil and oleochemicals to over 30 countries.

It will sell a 13 per cent stake to comply with India’s minimum public shareholding requirements, with the remainder going to Wilmar.

A strong presence in India will allow Wilmar to source better and have better trade flows into Wilmar’s global network,” it said in the SGX filing.

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Article Details

Author / Journalist: Sue-Ann Tan

Category: EconomyBusiness

Markets: SingaporeIndia

Topics: Stake India Share Exit Wilmar Price Cent Adani Group Indian Wilmar’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-30 @ 20:30:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24740428

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