Shares of Adani Wilmar experienced a significant drop on January 10, 2025, falling nearly 10% amid news of a large stake sale by its parent company. The conglomerate, which had announced its exit from Adani Wilmar last month, is selling off 17.54 crore shares, equating to 13.50% of the company’s equity.
The sale comes after Adani Group’s decision to reduce its holdings in the food and consumer goods firm, with most of its stake being transferred to a joint venture partner. The sharp decline in Adani Wilmar’s stock price reflects investor concerns over the impact of the stake sale on the company’s future prospects and ownership structure.
As of the latest trading session, the stock was down nearly 10%, causing a ripple effect across the market. The move to offload such a large portion of its stake has led to heightened market volatility and investor uncertainty, contributing to the sharp drop in share prices.
The sale of shares on January 10 marks the culmination of Adani Group’s plan to divest from its subsidiary, signaling a shift in the company’s business strategy and focus. As the market reacts to the news, investors are closely watching how the situation will unfold and what it will mean for the company’s long-term performance.
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