Adani Wilmar Set to Make Waves with Promoter Stake Sale Announcement

Adani Wilmar is poised to grab market attention as its promoter, Adani Commodities, has unveiled plans to offload a 13.5% stake through an Offer For Sale (OFS). This base issue size, amounting to 17.54 crore shares, was announced late Thursday evening in a regulatory filing. In addition, the company has reserved the option to exercise a green shoe mechanism, potentially increasing the stake sale by another 6.5%. The OFS price has been pegged at ₹275 per share, offering a 15% discount to the stock’s closing price on Thursday. The sale will open to non-retail investors on Friday, January 10, with retail investors gaining access on Monday, January 13. This move aligns with broader restructuring efforts within the Adani Group. Last month, Adani Enterprises, the conglomerate’s flagship entity, revealed plans to exit its joint venture in Adani Wilmar. The strategy includes selling a 13% stake to meet minimum public shareholding norms, while Wilmar International—the co-promoter—agreed to acquire the remaining 31%. The Adani Enterprises’ portion of the holding is valued at an estimated ₹18,500 crore, or over $2 billion, based on current valuations.

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