Reported 3 days ago
The Adani Group plans to exit its joint venture with Singapore's Wilmar International, Adani Wilmar Ltd., in a multi-phased deal worth $2 billion. This move aims to refocus on its core infrastructure businesses amid ongoing legal challenges against founder Gautam Adani. Adani will sell a 44% stake, with shares being purchased at a discount, following scrutiny on the conglomerate's corporate governance and funding obstacles.
Source: YAHOO