Adani, Wilmar may sell part of their stake in AWL to private equity firms
The Adani group and Singapore’s Wilmar International are learnt to have approached several private equity (PE) firms to sell part of their stake in their consumer-staple joint venture, Adani Wilmar.
Top executives of some of these PE firms told Business Standard that the two partners, which own 44 per cent each in Adani Wilmar, have offered them a majority stake.
The Adani group and Wilmar International declined to comment on the matter.
The proposed sale will be one of the largest transactions in the FMCG industry, with the market valuation of Adani Wilmar standing at Rs 51,513 crore as of Wednesday.
At its peak in January this year, the company’s valuation was Rs 81,268 crore. However, the share price of the company, along with that of ot...
