Adani Enterprises is taking a big leap out of the consumer goods arena, announcing its full exit from the Adani Wilmar joint venture. This move will see the conglomerate part ways with its 44% stake in the FMCG giant through a two-phase divestment plan. Wilmar International, via its subsidiary Lence Pte, will scoop up a 31.06% stake from Adani Commodities—AEL’s wholly-owned subsidiary—at a price capped at ₹305 per share. The remaining ~13% will be offloaded to meet public shareholding norms, effectively closing Adani’s chapter in the joint venture. The corporate shake-up doesn’t end there. Adani’s boardroom presence in Adani Wilmar will vanish, with its nominated directors stepping down. The companies also plan to rebrand Adani Wilmar once the transaction wraps up, signaling a clear departure of the Adani name. Adani Wilmar, known for its deep penetration across India’s rural landscape and exports to over 30 countries, will now be entirely under Wilmar International’s umbrella. Meanwhile, Adani Enterprises is redirecting its focus—and presumably, the funds from this deal—toward its core operations in energy, logistics, and infrastructure. Investors were quick to react. Adani Enterprises surged 7.65% to ₹2,593.45 on the BSE, while Adani Wilmar shares dipped briefly before stabilizing, closing slightly lower at ₹329.50.