Adani Group raises Rs 4,850 crore after selling 13.5 pc stake in Adani Wilmar [Video]

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.

Adani Commodities LLP, a subsidiary of Adani Enterprises Ltd, completed the offer for sale (OFS) for a 13.5 per cent stake in Adani Wilmar to non-retail investors on Friday. The offer for sale (OFS) included an option to additionally sell up to 8.44 crore shares, or 6.50 per cent equity.

“We wish to intimate the Stock Exchanges of our intention to exercise the Oversubscription Option in …