Adani Group's Shock Exit from Adani Wilmar: Wilmar International Takes Sole Control in Mega Deal!

Overview

The Adani Group has completed its exit from Adani Wilmar Agri Business (formerly Adani Wilmar Ltd) by selling its remaining stake. Adani Commodities LLP sold its shares, making Singapore-based Wilmar International the sole promoter with about 57% ownership. The company's Q2 revenue rose 22% year-over-year, but profit fell 22% year-over-year.