Adani Enterprises to Demerge Food-FMCG Division to Boost Shareholder Value

Adani Enterprises Ltd has announced the demerger of its food-FMCG division to Adani Wilmar Ltd, aiming to enhance business focus and unlock shareholder value. This restructuring will also involve transferring Adani's strategic investments in Adani Commodities LLP to Adani Wilmar. Post-demerger, Adani Wilmar will issue new equity shares to Adani Enterprises' shareholders.

Adani Enterprises Ltd has revealed plans to demerge its food-FMCG division and strategic investments in Adani Commodities LLP, transferring them to Adani Wilmar Ltd. This move is intended to sharpen business focus and unlock shareholder value.

Adani Wilmar, a joint venture between Adani Group and Singapore's Wilmar Group, will see the promoter's stake drop from 87.87% to 76.76% following the demerger. Public holding remains at 12%.

The restructuring will result in Adani Wilmar issuing 251 equity shares for every 500 equity shares of Adani Enterprises. This scheme of arrangement, recently approved by the board, aims to boost growth and profitability in distinct business lines.

(With inputs from agencies.)