Adani Enterprises to exit Adani Wilmar Ltd; AEL to lift over $2 billion

The brand of the Adani Group is seen on the facade of its Company Home on the outskirts of Ahmedabad, India, November 21, 2024.
| Picture Credit score: Reuters

Adani Enterprises has signed settlement with Wilmar Worldwide to exit Adani Wilmar Ltd Three way partnership.

With this exit AEL will elevate over $2 billion from the general transaction, which incorporates two steps – OFS and the sale to Wilmar.

The proceeds can be utilised for development of AEL within the core infrastructure companies – Power & Utility, Transport & Logistics together with Major Business adjoining companies.

The transaction is anticipated to be consummated earlier than 31 March 2025.