![Adani Wilmar shares drop 5% as Adani Group mulls stake sale](https://images.assettype.com/fortuneindia%2F2022-05%2Ffe790cbb-d31b-4d1d-a966-7971f23ea080%2Fadani_wilmar_020A9298_copy.jpg?rect=0,0,3000,1500&w=300&q=95)
Adani Wilmar shares drop 5% as Adani Group mulls stake sale
Adani Enterprises is reportedly looking to sell its entire 43.97% stake in Adani Wilmar, which is expected to be worth about $2.7 billion at the current share price.
Adani Enterprises is reportedly looking to sell its entire 43.97% stake in Adani Wilmar, which is expected to be worth about $2.7 billion at the current share price.
For FY23, the FMCG major posted 28% growth in profit at ₹582 crore, while revenue grew 7% to ₹58,185 crore.
Standalone volumes will grow in high teens, says Adani Wilmar
The widely publicised Adani Wilmar IPO which had originally planned raising ₹4,500 crore, was closed just before Budget ₹900 crore short .