Adani Enterprises to exit consumer goods joint venture with Wilmar Intl

Adani Enterprises Ltd (AEL) on Monday announced its decision to fully exit its consumer goods joint venture, Adani Wilmar, in which it holds a 44 per cent stake.

In an exchange filing, the company said that Lence Pte Ltd, a wholly-owned subsidiary of Wilmar International, will acquire 31.06 per cent of Adani Wilmar's paid-up equity shares from Adani Commodities LLP, a wholly-owned subsidiary of AEL.

 The proceeds from this sale will be directed towards AEL's investments in core infrastructure platforms spanning energy, transport, logistics, and other key sectors, reinforcing its role as India’s largest listed incubator of growth platforms.