India's Adani to sell stake in JV to Singapore's Wilmar for $1.4bn

Adani Enterprises to offload 31% to partner, and sell another 13%

20241230 Gurgaon Adani

Adani Group is exiting a joint venture it holds with Singapore's Wilmar International. © Reuters

(Reuters) -- India's Adani group will exit the consumer goods joint venture with Singapore's Wilmar International in a deal valued at $2 billion as the Indian conglomerate focuses on coreits infrastructure business.

Flagship company Adani Enterprises will sell a 13% stake in Adani Wilmar, which makes the Fortune brand of sunflower oil, to comply with India's minimum public shareholding requirements.

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