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The stock price of Adani Wilmar increased by 2.83% on October 27, 2023

Despite the ongoing Adani investigation, Adani Wilmar's market capitalization is currently 41,264.8 crores. The stock's 52-week high is 730, and its 52-week low is 318.7. A total of 380,410 shares were traded on the BSE (Bombay Stock Exchange Limited).

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The stock price of Adani Wilmar increased by 2.83% on October 27, 2023

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  1. THE STOCK PRICE OF ADANI WILMAR INCREASED BY 2.83% ON OCTOBER 27, 2023

  2. Adani Wilmar is one of India's largest FMCG food companies, providing essential kitchen commodities such as edible oil, wheat flour, rice, pulses, and sugar to Indian consumers. The Adani Group and the Wilmar Group, one of Asia's leading agri-business groups, formed the company in January 1999 as a joint venture. Adani Wilmar opened at 320 and closed at 320.4 on the last day of trading. During the day, the highest price reached was 320.4, while the lowest price was 303.45. • Despite the ongoing Adani investigation, Adani Wilmar's market capitalization is currently 41,264.8 crores. The stock's 52-week high is 730, and its 52-week low is318.7. Atotal of 380,410 shares were traded on the BSE (Bombay Stock Exchange Limited).

  3. Wilmar Foods has pledged to support Adani Group's joint venture Wilmar International Ltd. will continue to back its joint venture with India's Adani Group, claiming that a report from short-seller Hindenburg Research raised no issues specific to the unit. An independent team of professional managers manages Adani Wilmar Ltd.'s day-to-day operations, and the board is chaired by an independent director based in Singapore. Wilmar responded to questions from Bloomberg News via email. Despite the fact that the Group is dealing with the Adani investigation matter, Wilmar provides commodity and consumer-food-products expertise, while Adani provides local logistical and regulatory support. Sales

  4. Adani Enterprises is considering exiting its $6 billion Wilmar venture • According to people familiar with the situation, Adani Enterprises Ltd. is thinking of selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd. to free up funds for its main business. The conglomerate is considering selling its 44% stake in Adani Wilmar Ltd. At the current share price, Adani's shares are worth approximately $2.7 billion. Following the sale, Indian billionaire Gautam Adani and his family may retain a minority stake in a personal capacity. The talks are still in their early stages, and Adani Enterprises may choose to retain its investment.

  5. THANK YOU

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