Adani Wilmar Shares Drop 7% Following Adani Group’s Exit from Wilmar JV
Shares of Adani Wilmar fell nearly 7% in early trade on December 31, 2024, after Adani Enterprises announced its decision to exit the joint venture (JV) with Singapore’s Wilmar International. The Adani Group will offload its entire 44% stake in Adani Wilmar Limited (AWL) as part of a $2 billion deal, with the sale price…