Adani Group raises Rs 4,850 crore from 13.5% stake sale

Adani Group to Raise $833 Million as It Exits JV With Wilmar
The Adani Group will raise 71.48 billion rupees ($833 million) by selling up to 20% stake in Mumbai-listed Adani Wilmar Ltd. as it exits non-core activities to focus on the bread-and-butter infrastructure businesses.
Adani Group Raises Rs 4,850 Crore From 13.5% Adani Wilmar Stake Sale
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.
Adani Wilmar OFS: Adani Group Raises Rs 4,850 cr by selling 13.5% stake in Fortune Oil maker
The sale, which was announced last month, involved the sale of 17.54 crore shares (13.50% equity) in Adani Wilmar on January 10 to non-retail investors and on January 13 to retail investors at a minimum price of Rs 275 per share.
Adani Wilmar shares slide 9% as promoter looks to divest 20% stake via OFS
Adani Wilmar shares dropped 9% to ₹293.55 after promoter Adani Commodities announced plans to divest up to 20% stake via an Offer For Sale. The sale price is set at ₹275 per share, with non-retail investors eligible from January 10.
Adani raises offer-for-sale size to 20% in Wilmar JV
MUMBAI: Adani Group has decided to increase the size of its offer for sale (OFS) to offload part of its stake in Adani Wilmar to 20 per cent from 13 per cent announced earlier, due to strong demand from institutional investors.
Adani Commodities To Exit 20% Stake In Adani Wilmar Via Offer For Sale
Days after announcing its exit from Adani Wilmar, Adani Commodities is all set to sell a 20 per cent stake in the company via an offer for sale (OFS) route. In an exchange filing, Adani Commodities LLP,
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Adani Enterprises Ltd Summary
It launched a new subsidiary called Adani New Industries Ltd. (ANIL) to incubate, build and develop a large integrated platform to produce green energy through end-to-end supply and value ...
Adani Takes On Ambani's Reliance: How India's Richest Men Are Battling for Petrochemical Supremacy
With this venture, the Adani Group is entering a sector where Mukesh Ambani's Reliance enjoyed dominance for several years.
The Financial Express12d
Adani Green Energy incorporates new subsidiary for renewable energy
(Reuters) Adani Green Energy on Saturday incorporated a new wholly owned subsidiary — Adani Green Energy Sixty Eight Limited. The authorised capital and paid-up capital of AGE68L is kept at Rs ...
Adani Group to develop logistics park in Ernakulam; Flipkart facility to be up by December
Adani Group is investing Rs 500 crore in a logistics park in Ernakulam, Kerala. This will create hundreds of new jobs.
Gautam Adani throws new challenge at Mukesh Ambani, partners with…, to compete with Reliance in…
India's largest petrochemical company, is set to face significant competition as the Adani Group makes a strategic entry into ...
Reuters25d
Adani Green Energy Ltd
Adani deal under bribery scrutiny was approved against officials' advice December 18, 2024 About 75% of new Solar Energy Corporation ... in heavyweight Reliance Industries and drugmakers.
The Tribune13d
Adani Green announces new subsidiary Adani Green Energy Sixty Eight Limited to focus on renewable energy generation
Adani Green Energy Limited (AGEL) has announced the incorporation of a new wholly owned subsidiary, Adani Green Energy Sixty Eight Limited (AGE68L); on Saturday, the company stated in its ...
Adani Green CEO Singh to Step Down, Take New Role in Group
Adani Green Energy Ltd.’s Chief Executive Officer, Amit Singh, will step down from his current role with effect from March 31 ...
The New Indian Express24d
Adani merges Sanghi Industries, Penna Cements with Ambuja Cements
Ambuja Cements, the cement and building materials company of the Adani Group, has announced the merger of Sanghi Industries (SIL ... Mangalam Birla’s Ultratech Ltd. In June 2024, Ambuja Cements ...