Adani Enterprises to exit Adani Wilmar Ltd; AEL to raise over $2 billion
The Hindu
Adani Enterprises exits joint venture with Wilmar International, raising over $2 billion for core infrastructure businesses by 2025.
Adani Enterprises has signed agreement with Wilmar International to exit Adani Wilmar Ltd Joint venture.
With this exit AEL will raise over $2 billion from the overall transaction, which includes two steps - OFS and the sale to Wilmar.
The proceeds will be utilised for growth of AEL in the core infrastructure businesses - Energy & Utility, Transport & Logistics along with Primary Industry adjacent businesses.
The transaction is expected to be consummated before 31 March 2025.
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