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Adani Group and Wilmar International are in early talks to sell a minority stake in their consumer joint venture, Adani Wilmar Ltd, to comply with shareholding regulations. The companies are considering selling equal stakes, totaling a 13% stake sale, which could be worth approximately $670 million. They have selected banks, including Jefferies, Nuvama, and SBI Capital, to assist with the sale.
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Adani Enterprises and Wilmar have selected banks to help with the sale of a minority stake in their consumer joint venture https://t.co/lxJEOlJWaf
Sources Say | Adani, Wilmar are said to pick banks for sale of stake in JV #Adani #Wilmar #Jefferies #Nuvama #SBICapital https://t.co/WtuRgYvfem
