💨 Abstract

The Adani Group plans to raise Rs 7,148 crore by selling up to 20% stake in FMCG firm Adani Wilmar in the open market. This is part of a strategy to focus on infrastructure business by exiting non-core activities. The conglomerate will sell 17.54 crore shares in two phases, with a minimum price of Rs 275 apiece.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖