BILLIONAIRE Gautam Adani’s group on Monday announced its exit from FMCG joint venture Adani Wilmar by selling its entire stake to the Singaporean partner and in the open market for over $2 billion (£1...

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Mumbai, Jan 27 (SocialNews.XYZ) Adani Wilmar saw its stock rising on Monday after the company reported a 105 per cent jump in net profit at Rs 410.57 crore in Q3 FY25, compared to Rs 201 crore in the same quarter last year. Revenue for the quarter jumped 31 per cent (year-on-year) to Rs 16,859 crore, up from Rs 12,828 crore in Q3 FY24, according to the company's stock exchange filing.

Ahmedabad, Jan 10 (SocialNews.XYZ) The Adani Group on Friday raised about Rs 4,850 crore after selling 13.5 per cent of its stake in Adani Wilmar. The conglomerate last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner. In a stock exchange filing, the company announced the sale of 17.54 crore shares (13.50 per cent equity) in the company (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece.

Shares of Adani Wilmar fell nearly 7% in early trade on December 31, 2024, after Adani Enterprises announced its decision to exit the joint venture (JV) with