Adani Wilmar’s promoters -- Adani Commodities LLP and Lence Pte. -- are all set to sell Equity Shares of the company to enable to comply with minimum public shareholding norms. The promoter entities will divest up to 1.24% of the total paid up equity share capital of the company aggregating to 16,116,014 Equity Shares from period beginning from December 26, 2023 till January 31, 2024.
Adani Wilmar is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. Its products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups.
