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Adani Group announced its exit from Adani Wilmar last month | Photo Credit: Reuters The Adani Group will raise ₹7,148 crore from sale of up to 20% stake in FMCG firm Adani Wilmar in the open market as part of its strategy to exit non-core activities to focus on infrastructure business. The conglomerate, which last month…
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Adani Wilmar sells edible oils and some other food products under Fortune brands. New Delhi: Edible oil major Adani Wilmar on Wednesday reported a 67 per cent increase in its consolidated net profit to Rs 156.75 crore for the fourth quarter ended March 2024. Its net profit stood at Rs 93.61 crore in the year-ago…
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According a report published in Bloomberg news, Adani Enterprise has been considering a potential sale of its 44% stake in Adani Wilmar for a few months. | Photo Credit: AFP India’s Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International, Bloomberg News reported on Tuesday, citing people familiar with…