Adani Wilmar shares experienced a sharp decline, plummeting nearly 5% following reports that Adani Enterprises, the flagship company of the Adani Group, is exploring the sale of its 44% stake in the consumer-staple joint venture with Wilmar International Ltd. The move is seen as an effort to release capital for core businesses. Adani Wilmar shares, which initially performed strongly after debuting in February 2022, have seen a 60% drop from their all-time high in September 2022. The potential stake sale, valued at about $2.7 billion, is currently under consideration, with Gautam Adani and family possibly retaining a minority stake post-sale. Adani Enterprises may still decide to retain its stake, and discussions are at an early stage. Last quarter, Adani Wilmar reported a loss of Rs 79 crore and a decline in revenue, contributing to the stock’s recent downturn.