Market Chatter: Adani, Wilmar in Talks to Sell Minority Stake in Joint Venture

MT Newswires Live07-17

Indian conglomerate Adani Group and Wilmar International are looking at selling a minority stake in their joint venture, Adani Wilmar (NSE:AWL, BOM:543458), Bloomberg News reported Tuesday, citing sources.

The two companies are reportedly in discussions to sell a total of 13% stake, valuing the proposed transaction at around $670 million.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (INR): â¹331.30, Change: â¹-2.65, Percent Change: -0.79%

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