Adani Enterprises to exit Adani Wilmar in a $2B multi-phase deal.

Adani Enterprises will fully exit its 44% stake in Adani Wilmar through a $2 billion multi-phase deal to focus on infrastructure. The first phase involves selling up to 31.06% to Wilmar International’s subsidiary, Lence Pte Ltd, via a call/put option. An additional 13% will be divested to meet public shareholding norms.

Adani Wilmar will rebrand under a new name, while Adani Enterprises will use the proceeds to invest in energy, transport, and industrial projects. The deal is subject to regulatory approvals. As of December 27, Adani Wilmar’s market cap was ₹42,785 crore.