Adani Wilmar OFS: Adani Group Raises Rs 4,850 cr by selling 13.5% stake in Fortune Oil maker
The sale, which was announced last month, involved the sale of 17.54 crore shares (13.50% equity) in Adani Wilmar on January 10 to non-retail investors and on January 13 to retail investors at a minimum price of Rs 275 per share.
Adani Wilmar's OFS for 20% stake opens January 10, floor price Rs 275 per share
The OFS will have a base offer of 13.5% equity and a green shoe option for another 6.5% stake, a company filing said on January 9.
BIG move by Gautam Adani, Adani Group raises Rs 4850 crore after selling...
The move is part of the group’s strategy to focus on its core infrastructure business by exiting non-core activities
Adani Wilmar OFS: Adani group raises Rs 4,850 crore from 13.5% stake sale
On January 9, the group had announced sale of 17.54 crore shares (13.50 percent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece.
Adani Wilmar shares crash 9% as promoter looks to sell up to 20% stake via OFS
Adani, which holds nearly 44% stake, will sell up to 13.5% to the public in an offer for sale beginning Jan 10, with an option to sell an additional 6.5%
Adani Wilmar shares slide 9% as Promoter begins partial stake sale via OFS
Adani Commodities LLP will offlead 13.5 per cent stake via the OFS. It will have the right to sell an additional 6.5-per cent stake
Adani Group to sell 20% stake in Adani Wilmar via OFS, floor price set at ₹275
The OFS price has been set at ₹ 275 per share, representing a 15% discount compared to Adani Wilmar 's closing price on Thursday. The sale will commence for non-retail investors on Friday, January 10, and for retail investors on Monday, January 13.
India's Adani to sell up to 20% stake in Wilmar joint venture
India's Adani Group said on Thursday it plans to sell a stake of up to 20% in Adani Wilmar to the public, as the conglomerate looks to comply with minimum public shareholding rules amid plans to exit the consumer goods company.
Adani Wilmar drops as OFS begins; promoter proposes to sell 20% stake
Adani Wilmar declined 9.99% to Rs 291.60 after the company's promoter, Adani Commodities, proposed to sell 20% stake at a floor price of Rs 275 per share through offer for sale (OFS).
Adani Wilmar OFS: Share price tanks 10% as promoter plans to sell 20% stake
Adani Wilmar shares fell over 9% on Friday, January 10, as the two-day offer-for-sale (OFS) by promoter Adani Commodities LLP kicks off. Read on to find out why the stock declined.
Adani raises offer-for-sale size to 20% in Wilmar JV
MUMBAI: Adani Group has decided to increase the size of its offer for sale (OFS) to offload part of its stake in Adani Wilmar to 20 per cent from 13 per cent announced earlier, due to strong demand from institutional investors.
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