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of <h1>Adani Enterprises to Exit Adani Wilmar Joint Venture, Selling 44.06% Stake to Wilmar International and in Open Market.</h1> Adani Enterprises Ltd announced its decision to exit the joint venture Adani Wilmar by selling its entire stake, totaling 44.06%, to its Singaporean partner, Wilmar International, and through the open market. The sale is expected to raise over USD 2 billion. This move includes selling a 31.06% stake directly to Wilmar International and another 13% in the open market to comply with public shareholding requirements. Adani's nominee directors will resign from the board, and the transaction is anticipated to be completed by March 31, 2025.
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