Adani Group to Exit Adani Wilmar in $2 Billion Deal

Mumbai : Billionaire Gautam Adani’s group has announced its exit from the Adani Wilmar joint venture in a significant $2 billion deal. The Adani Enterprises Ltd (AEL) will sell its entire 43.94% stake, with 31.06% going to its Singaporean partner Wilmar International and the remaining shares to be sold in the open market. This transaction marks Adani’s first major deal since the US bribery indictment.

According to the deal, AEL will sell up to 40.37 crore shares (31.06% stake) to Wilmar at a price not exceeding ₹305 per share, raising around ₹12,314 crore (about $1.5 billion). The remaining shares will be sold through an Offer for Sale (OFS) mechanism, with the total proceeds estimated to exceed $2 billion.

In a statement, AEL confirmed its full exit from Adani Wilmar and stated that Adani’s nominee directors, Pranav V Adani and Malay Mahadevia, will step down from the company’s board. The transaction is expected to be completed by March 31, 2025.