Adani Group Exits Adani Wilmar Joint Venture in $2 Billion Deal

The move ends a 25-year partnership with Wilmar International as Adani refocuses on core infrastructure businesses.

Adani Enterprises will sell its entire 44% stake in Adani Wilmar to Wilmar International and through a public share offering.
The deal, valued at $2 billion, includes a 13% stake sale to meet Indian regulatory requirements and a 31% stake transfer to Wilmar.
Proceeds from the sale will fund Adani's investments in key infrastructure sectors, including energy, transport, and logistics.
Adani Wilmar, one of India's largest consumer goods companies, will undergo a name change following the transaction.
The divestment follows U.S. allegations of bribery against Adani Group, which the company has denied as baseless.