M&A

M&A

Adani Enterprises to fold food FMCG biz into Adani Wilmar in share swap deal

CNBC TV18  

Adani Enterprises (AEL) is to transfer its stake in Adani Wilmar (AWL) to its shareholders.AEL Shareholders will receive 251 shares of Adani Wilmar for every 500 Adani Enterprises shares they hold.The food FMCG business has become self-sustained, performing well and poised for further growth under AWL. Adani Enterprises holds a 43.94% stake in Adani Wilmar through Adani Commodities LLP. Post the restructuring, the shareholders of Adani Enterprises will directly own Adani Wilmar shares.