Singapore's Wilmar International targets $605 million Indian IPO for Adani Wilmar

Reuters2021-08-02

(Reuters) - Singaporean agribusiness Wilmar International said on Monday it was pursuing a listing of its joint venture Adani Wilmar in India through an initial public offering worth up to 45,000 million Indian rupees ($605.19 million).

Adani Wilmar, a 50-50 joint venture between the company and Indian conglomerate Adani Group, is expected to list on the BSE and the National Stock Exchange.

Adani Wilmar sells kitchen commodities such as edible oil and wheat in India under a diverse range of brands.

Wilmar International did not disclose an issue price for the listing, and said it was dependant on factors including the book building process under Indian regulations and receipt of applicable approvals.

($1 = 74.3570 Indian rupees)

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Comments

  • Senkas
    2021-12-21
    Senkas
    Interesting to look forward growth 
  • 不死鸟.
    2021-10-04
    不死鸟.
    can buy this timing?
  • holdnotfold
    2021-10-02
    holdnotfold
    When will wilmar go up
  • Eugoon
    2021-08-31
    Eugoon
    Nice 
  • bigninja
    2021-08-22
    bigninja
    Wow
  • EZU
    2021-08-03
    EZU
    Oh buy? 
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