Reported about 8 hours ago
Adani Wilmar Ltd. has postponed a planned sale of at least 12% of its stake due to bribery charges filed against billionaire founder Gautam Adani in the US. The company, a joint venture between India's Adani Group and Singapore's Wilmar International, needs to meet regulatory requirements by February 2025, but the legal challenges have made executing the sale before the deadline exceedingly difficult. The conglomerate has denied the allegations and plans to seek legal remedies.
Source: YAHOO