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'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 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 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 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 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 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.
Adani 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 Group Raises Rs 4,850 Crore After Selling 13.5 Pc Stake In Adani Wilmar
The Adani Group on Friday raised about Rs 4,850 crore after selling 13.5 per cent of its stake in Adani Wilmar. The conglome
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 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 ...
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 ...