Adani Wilmar Share Price: Plunge Of 7% Following Adani Group’s Exit Announcement

Adani Wilmar shares nosedived on Tuesday, December 31, sliding over 7% in early trade after Adani Group announced plans to fully exit the joint venture.

Adani Wilmar Shares Crack Over 7% on Exit News
This follows a regulatory filing on Monday, where Adani Enterprises Limited (AEL) stated it would divest its ~44% stake in Adani Wilmar Ltd (AWL) to meet minimum public shareholding norms.

Adani Wilmar Share Price Today
On Tuesday morning, Adani Wilmar shares opened at Rs 305.65, compared to Monday’s closing price of Rs 329.50. The stock saw a low of Rs 303.30 and a high of Rs 314.45 during the session. By 11:08 a.m., the shares were trading at Rs 305.30, marking a steep 7.34% drop.

Adani Enterprises To Fully Exit Adani Wilmar - Details

Wilmar International has agreed to acquire ~31% of Adani Enterprises’ stake in Adani Wilmar, as per the scheme of arrangement shared by AEL. Additionally, AEL will divest ~13% of its shares in AWL to ensure compliance with public shareholding requirements. Once these steps are completed, Adani Enterprises will no longer hold any stake in AWL.
“The proceeds from the sale will be utilized for turbocharging growth in the core infrastructure platforms in energy & utility, transport & logistics, and other adjacencies in primary industry,” AEL noted in its filing.

Adani Wilmar Share Price History 

As of December 31, 2024, Adani Wilmar had a market capitalization of Rs 39,945.62 crore. Talking about the stock past performance, in last 10 years it has gained 183.67%, 5 year - 89.09%, 3 years - 33.91%. With short term performances, in last 1 week it has declined by 0.59%,  in last month it plunged by 2.25%.