Introduction:
Adani Group stock plans to offer up to 17.54 crore equity shares, representing 13.5% of the company’s total equity, to comply with public shareholding norms. The offer will open on January 10, 2025, for non-retail investors and January 13 for retail investors.
Share price movement of Adani Wilmar:
On January 10, 2025, Adani Wilmar Ltd. opened at ₹294.85, down 8.32% from its previous close of ₹323.95. The stock reached a high of ₹301.45 and a low of ₹292.05. By 12:21 PM, it traded at ₹297.00, with a market cap of ₹38,593.96 crore.
Adani Commodities To Sell 13.5% Stake:
Adani Commodities LLP, one of the promoters of Adani Wilmar, plans to sell up to 17.54 crore equity shares, representing 13.5% of the company’s total equity. The sale is part of an offer to comply with public shareholding norms.
The offer will open on January 10, 2025, for non-retail investors and on January 13, 2025, for retail investors. It also includes an oversubscription option of up to 8.45 crore shares, potentially raising the total offer size to 20% of the company’s equity.
This follows Adani Enterprises’ decision to exit Adani Wilmar by selling its 13.5% stake, as part of a move to meet public shareholding requirements. Wilmar International has also agreed to acquire the remaining 31% stake.
Recent news on Adani Wilmar:
As of December 30, 2024, Adani Enterprises announced its exit from the joint venture with Adani Wilmar by selling a 13% stake. Wilmar International will acquire the remaining 31%, marking a significant shift in the company’s structure.
Stock performance of Adani Wilmar for Period of 1 week, 6 months and 1 year:
Adani Wilmar Ltd. has experienced a decline in performance with a 1.57% drop over the past week, a 3.66% decrease over six months, and a 12.4% drop over the past year, reflecting ongoing market challenges.
Also Read: Tata group stock falls 7% after it reports 3.6% YoY decline in net profits
Shareholding pattern of Adani Wilmar:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 87.90% | 87.90% | 87.90% |
| FII | 1.00% | 0.70% | 0.80% |
| DII | 0% | 0.30% | 0.30% |
| Public | 11.10% | 11.20% | 11.10% |
About Adani Wilmar:
Adani Wilmar Ltd. (NSE: AWL), founded in 1999, is a major FMCG company in India, offering edible oils, vanaspati, and specialty fats. The company exports to multiple countries and operates a large distribution network under the Fortune brand.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
