Adani Wilmar OFS kicks off, shares tumble 9%; here's why
Adani Wilmar shares plunged 9.24 per cent to hit a low of Rs 294 on BSE. The scrip is down 18.69 per cent in the past one year and 47 per cent in the past two years.
Adani Group raises Rs 4,850 cr from sale of 13.5% stake in Adani Wilmar
Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business.
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.
Adani Wilmar OFS: Adani Commodities to sell 20% stake; Check price and other details
Price for the Offer For Sale (OFS) has been fixed at ₹275 apiece, which is a 15% discount to Adani Wilmar's closing price on Thursday.
Adani Wilmar Shares Tubmble Down Almost 10% On NSE As Stake Sale Via OFS Is Underway
Adani Wilmar, the food and beverage arm of the Adani Group, shares nosedived almost 10 per cent on NSE (National Stock Exchange), as OFS sale of the Adani Wilmar from one of the promoters; Adani Commodities has offering up to 17,
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 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.
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 Wilmar shares dive 9% as Adani Group plans to sell 20% stake via OFS
Adani Wilmar shares are in focus as Adani Commodities LLP plans to sell up to a 20% stake via an offer for sale (OFS) on January 10. Non-retail investors can bid first, with retail investors following if the oversubscription option is exercised.
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 Commodities To Exit 20% Stake In Adani Wilmar Via Offer For Sale
Days after announcing its exit from Adani Wilmar, Adani Commodities is all set to sell a 20 per cent stake in the company via an offer for sale (OFS) route. In an exchange filing, Adani Commodities LLP,
Adani Wilmar OFS: Stock in focus as floor price set at Rs 275; key details
The floor price for the offer for sale is set at Rs 275. This is at 15.11 per cent discount to Adani Wilmar's Thursday ...
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Explained: Why Adani Wilmar share price fell over 9% today
The stock has been under pressure recently, falling nearly 10% over the past five trading sessions and losing 12.28% over the ...
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Adani Raises Rs 4,850 Cr from Adani Wilmar Stake Sale
Adani Group has raised Rs 4,850 crore by selling a 13.5% stake in Adani Wilmar, part of its strategy to exit non-core ...