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Adani to exit Wilmar Joint Venture, to sell 44% in FMCG company for $2 billion – Times of India

Adani to exit Wilmar Joint Venture, to sell 44% in FMCG company for  billion – Times of India

MUMBAI: In a deal that will release capital for the Adani Group, the Ahmedabad-based conglomerate led by Gautam Adani is selling the staples business, Adani Wilmar, to Wilmar International of Singapore for $2 billion. This fund inflow is expected to address the group’s liquidity requirements for its core infrastructure business.The group, through flagship Adani Enterprises and its wholly-owned subsidiary Adani …

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