India's Adani Group to exit Wilmar joint venture


FILE PHOTO: The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 21, 2024. REUTERS/Amit Dave/File Photo

INDIA's Adani Group will exit its consumer goods joint venture with Singapore's Wilmar International, the two companies said on Monday, to focus on its infrastructure projects.

Adani Enterprises, the group's flagship firm, will sell a 13% stake in Adani Wilmar, with the remaining 31% going to Wilmar.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Adani , Wilmar , joint venture

Next In Business News

IATA optimistic on Malaysia's aviation outlook as regional recovery accelerates
ISF Group, Alliance Islamic Bank ink IPO underwriting agreement
Bank Islam targets 50% rise in BIMB biz users payment to voice feature
CPO output down 5.3%, palm oil exports fall 28.13% in Nov -�MPOB
Bursa Malaysia slips at midday amid subdued regional sentiment
EcoWorld achieves record sales and profit in FY25
LAC Med shares up on market debut
Steel unit price index falls 0.1 to 3.2 % in Nov - DoSM
SumiSaujana explores partnership with China polyurethane product manufacturer
Carsome's record retail performance drives up 3Q earnings

Others Also Read