Adani Enterprises Demerges Food-FMCG Division for Strategic Growth

Adani Enterprises Ltd will demerge its food-FMCG division and strategic investments in Adani Commodities LLP, transferring them to Adani Wilmar Ltd. This move aims to focus on the food business and unlock value for shareholders. The demerger will result in Adani Wilmar ceasing to be a joint venture entity.

Adani Enterprises Ltd is set to demerge its food-FMCG division along with its strategic investments in Adani Commodities LLP, transferring them to Adani Wilmar Ltd. This strategic decision aims to sharpen focus on the food business and unlock shareholder value.

Adani Wilmar, an equal joint venture between Adani Group and Singapore's Wilmar Group, will see a change in its equity structure, with Adani Commodities and Wilmar each holding a 43.94 percent stake. The remaining 12 percent stake is held by the public.

Post demerger, Adani Wilmar, which sells products under the Fortune brand, will no longer be a joint venture entity of Adani Enterprises Ltd. Promoter stake in Adani Wilmar will decrease to 76.76 percent from the current 87.87 percent.

(With inputs from agencies.)