Adani Enterprises to fully exit Adani Wilmar Joint Venture; To sell its entire stake of 44%
As part of the agreement, Lence
Pte, a wholly-owned subsidiary of Wilmar International, will acquire 31.06% of the paid-up equity shares of Adani Wilmar from Adani Commodities, a wholly-owned subsidiary of Adani Enterprises
As per the agreement between the parties, Adani Enterprises will additionally sell or dispose off ~13% of shares in Adani Wilmar to achieve compliance with minimum public shareholding requirements
