Adani Group has started the process of exiting Adani Wilmar. On January 10, 2025, Adani Commodity, an Adani Group company, started selling its stake in Adani Wilmar. this step Offer for Sale (OFS) Has been raised under. This news has had a direct impact on the stock market performance of Adani Wilmar. Adani Wilmar shares witnessed a sharp decline on Friday, falling by nearly 10%.
stock market performance
Shares of Adani Wilmar opened at Rs 294.85 on BSE on Friday. During the day, it fell to an intra-day low of Rs 292.05 due to heavy losses. Overall, a decline of more than 9.5% was recorded, which was a matter of concern for investors.
Company’s official statement
Adani Wilmar has informed the stock market that a promoter group company, Adani Commodity LLPhas decided to sell 17,54,56,612 shares (13.50% of the total stake of the company) to non-retail investors on January 10. Apart from this, this process will also be started for retail investors on January 13.
The company also clarified that even after this sale, Adani Commodity will have the option to hold 8,44,79,110 shares (6.5% of the total stake). If offer for sale If Adani Commodity gets more subscription, Adani Commodity can sell a total of 20% stake.
Floor price of Rs 275 per share
Adani Wilmar’s offer for sale The floor price of Rs 275 per share has been fixed. This price is about 15% higher than Thursday’s closing price. Adani Group is expected to get an estimated $2 billion from this sale.
future investment plans
Adani Group will invest the funds received from Adani Wilmar in its infrastructure projects. This amount will be mainly invested in the projects running under Adani Enterprises.
What does this sale mean for shareholders?
The recent fall in Adani Wilmar shares has raised concerns for small and big investors. The move is part of Adani Group’s plan to focus on its other projects, but it is important for investors to understand how reducing promoter stake in the company could impact the stock market in the long run.
