Adani Enterprises, the flagship company of the Adani Group, has clarified that there is no ongoing event related to the reported sale of its 44% stake in the FMCG company Adani Wilmar, a joint venture with Singapore’s Wilmar Group. The company stated that if any such development necessitating disclosure occurs, it will follow regulatory requirements. The potential sale, reportedly under consideration for months, could involve the Adani family retaining a minority stake post-sale. Following the news, shares of Adani Wilmar fell by 4% and then another 1.30%, with the company having reported a loss of Rs 79 crore and a decline in revenue in the June quarter.
Adani Enterprises denies rumours of a Wilmar share sale
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