Gautam Adani’s group gets richer by over $2 billion with Adani Wilmar listing
India Today
Adani Wilmar (AWL), which went to IPO, is a joint venture between Adani Group, chaired by billionaire Gautam Adani, and Singapore agribusiness Wilmar International Ltd.
Billonaire businessman Gautam Adani's Adani Group got richer by around $2 Billion after Adani Wilmar closed its first day on the stock market with a valuation of Rs 35,467.5 crore, according to a Business Today report.
This comes after Gautam Adani became the richest person in Asia, overtaking fellow countryman Mukesh Ambani, according to the Bloomberg Billionaires Index. Last week, Gautam Adani became the richest Indian, leaving behind Mukesh Ambani, according to Forbes' Real-Time Billionaire's list.
ADANI WILMAR
Adani Wilmar (AWL), which went to IPO, is a joint venture between the Adani Group, chaired by Gautam Adani, and Singapore agribusiness Wilmar International Ltd.
AWL ended its first day on the stock market with a valuation of Rs 35,467.5 crore. With this, the valuation of the Adani Group entity’s ownership soared to Rs 15,166 crore or USD 2.03 billion, Business Today reported.
The company offers products across three categories edible oil, packaged food and industry essentials such as wheat flour, rice and pulses. It is most well known for its "Fortune" brand of cooking oil.
It is India's largest edible oil maker and the flagship consumer goods entity in Gautam Adani's group.
