Adani Wilmar shares extend losses to sink 9% in trade, tumbles under OFS price of Rs 275
The OFS price is set at Rs 275 per share. At 11.15 am, shares of Adani Wilmar sank 6.5 percent to Rs 273.5, which is under the OFS price. Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Adani Wilmar share price tanks 8%, slips below OFS floor price
Adani Wilmar shares plunged 8.3% on Monday, January 13, hitting a low of Rs 267.10 on the NSE as the second day of its offer for sale (OFS) began. The sharp decline pushed the stock below the OFS floor price of Rs 275 per share.
Adani Wilmar share sale receives strong response, firm raises Rs 4300 crore on Day 1
Last month, the conglomerate had said that it will sell its entire 44 per cent stake in Adani Wilmar in a two-step process for $2 billion
India's Adani Wilmar falls on Adani group's plan to offload stake
India's Adani Wilmar fell over 6% in early trade on Tuesday, a day after the Adani Group said it would sell its entire 44% stake in the consumer goods company in a $2 billion deal to focus on strengthening its infrastructure businesses.
Gautam Adani makes big move, raises Rs 48500000000 by selling stake in...
The Offer for Sale (OFS) included an option to sell an additional 8.44 crore shares, equivalent to 6.50percent equity.
Adani Group Raises Rs 4,850 Crore From 13.5% Adani Wilmar Stake Sale
Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business.
India's Adani to sell up to 20% stake in Wilmar joint venture
India's Adani Group said on Thursday it plans to sell a stake of up to 20% in Adani Wilmar to the public, as the conglomerate looks to comply with minimum public shareholding rules amid plans to exit the consumer goods company.
Adani Wilmar OFS: Adani Group Raises Rs 4,850 cr by selling 13.5% stake in Fortune Oil maker
The sale, which was announced last month, involved the sale of 17.54 crore shares (13.50% equity) in Adani Wilmar on January 10 to non-retail investors and on January 13 to retail investors at a minimum price of Rs 275 per share.
Adani Wilmar shares slide 9% as promoter looks to divest 20% stake via OFS
Adani Wilmar shares dropped 9% to ₹293.55 after promoter Adani Commodities announced plans to divest up to 20% stake via an Offer For Sale. The sale price is set at ₹275 per share, with non-retail investors eligible from January 10.
Adani raises offer-for-sale size to 20% in Wilmar JV
MUMBAI: Adani Group has decided to increase the size of its offer for sale (OFS) to offload part of its stake in Adani Wilmar to 20 per cent from 13 per cent announced earlier, due to strong demand from institutional investors.
Adani Wilmar OFS: Share price tanks 10% as promoter plans to sell 20% stake
Adani Wilmar shares fell over 9% on Friday, January 10, as the two-day offer-for-sale (OFS) by promoter Adani Commodities LLP kicks off. Read on to find out why the stock declined.
Adani Wilmar to become subsidiary of Wilmar International after share sale
Adani Group, a port-to-power conglomerate that holds a nearly 44 per cent stake in Adani Wilmar, will sell up to 13.5 per ...
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Aletheia Capital upgrades Wilmar to 'buy' from 'sell' on higher margins and Adani JV acquisition
Nirgunan Tiruchelvam of Altheia Capital has turned bullish on Wilmar International following news that it will be taking ...
Wilmar’s Strategic Acquisition of Adani Wilmar: Growth Prospects and Shareholder Value Amidst Neutral Short-term Impact
Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener ...
Adani Group to Raise $833 Million as It Exits JV With Wilmar
The Adani Group will raise 71.48 billion rupees ($833 million) by selling up to 20% stake in Mumbai-listed Adani Wilmar Ltd.
Wilmar International (OTCMKTS:WLMIY) Sets New 12-Month Low – Here’s What Happened
Wilmar International Limited (OTCMKTS:WLMIY – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $21.74 and last traded at $22.70, ...
Adani raises Rs 4,850 crore from sale of 13.5% stake in Adani Wilmar
Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as ...
India's Adani group to exit consumer goods joint venture with Singapore's Wilmar in $2 bln deal
The Adani Group will sell its stake in consumer goods firm Adani Wilmar to joint venture partner Wilmar International for 123 ...
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Adani Wilmar OFS: Gautam Adani-led group to dilute 20% more stakes in JV - Check floor price, retail portion
An additional option to sell up to 8.44 crore shares will be included in the offer for sale (OFS) or 6.5% of equity shares.