Ventura, which maintained a target price of Rs 3,801 on Adani Enterprises, noted that the transaction marks AEL's first major move since the US Department of Justice (DOJ) indictment in November 2024,

Adani Enterprises Ltd (AEL) on Monday announced that it will exit Adani Wilmar Ltd (AWL) by divesting its entire 44 per cent stake in the joint venture to raise over $2 billion.

Adani Enterprises plans to sell around 13% of its stake to meet public shareholding norms, while Wilmar International will purchase the remaining 31% stake.

Adani Enterprises will exit its joint venture with Wilmar International in a $2 billion deal. They plan to sell a 44% stake in Adani Wilmar Ltd. Part of the funds will be used to invest in green energy,

Adani Enterprises announced its decision to fully exit its joint venture with Wilmar International, known as Adani Wilmar, where it held a 44% stake.

Adani Enterprises has pulled back from the joint venture to focus on its core businesses including energy, utilities, transport and logistics

As part of this transition, AEL's nominee directors, Pranav V Adani and Malay Mahadevia, have resigned from the AWL board.

Wholly-owned subsidiary of Wilmar Lence Pte Ltd will acquire up to 31.06 per cent of AWL's equity shares held by Adani Commodities LLP (ACL) via call or put options

Adani Wilmar share price plunged 8% after Adani Enterprises announced it would exit its joint venture with Singapore’s Wilmar group, raising over $2 billion.

India's Adani group is exiting its consumer goods joint venture with Singapore's Wilmar International in a $2 billion deal as it looks to bolster its infrastructure business. The divestment marks the Indian conglomerate's first major transaction since the U.