Singapore Dollars NoteQuartet Of Firms Engaged As Adani Exits $2B Joint Venture With Singapore’s Wilmar
Adani will use the proceeds from this sale to “turbocharge its investments in the core infrastructure platforms”, including energy and utility and transport and logistics.
January 22, 2025 at 02:36 AM
2 minute read
A quartet of Indian and international law firms have been enlisted as Indian conglomerate Adani Group divests more than $2 billion worth of stake in its consumer goods joint venture with Singaporean food processing business Wilmar International, called Adani Wilmar.
The joint venture is India’s largest edible oils and food company, with exports to over 30 countries worldwide. Adani’s exit, which was publicly announced in December last year, will see the conglomerate entirely offload its 44% holding in the business.
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