The deal, priced at Rs 275 per share, follows a 13.5% stake sale in January 2025 and hands Wilmar majority control with a 65% holding in the company.
Stocks to Watch, 4 Apr: Stocks like L&T Finance, Vedanta, RBL Bank, Bandhan Bank, SH Kelkar and Company, Jio Financial Services, GR Infraprojects, UltraTech Cement, Balaji Amines, Sai Life Sciences, Nestle India, Jupiter Wagons, Thermax, and Ami Organics will be in focus on April 4.
Biocon Pharma has received US FDA approvals for Lenalidomide capsules and Dasatinib tablets, with tentative approval for Rivaroxaban tablets. Coforge has partnered with Sabre Corporation to accelerate product delivery and launch AI solutions. Adani Wilmar is acquiring 80% of GD Foods' 'Tops' brand in a multi-tranche deal. Ola Electric is addressing IFCI’s concerns over Milestone-1 non-achievement while engaging with authorities and progressing on its PLI ACC scheme agreement. GE Vernova T&D India has secured Rs 500 crore orders from Power Grid Corporation of India for transformers and reactors.
Stocks To Watch, Mar 5: Stocks like Ola Electric Mobility, Grasim Industries, RHI Magnesita India, Apollo Hospitals Enterprise, Walchandnagar Industries, ABB India, Mindteck India, Ambuja Cements, Oil and Natural Gas Corporation, Force Motors, Avanti Feeds, Banswara Syntex, SpiceJet, and Manappuram Finance will be in focus on March 5.
The acquisition of GD Foods aligns with Adani Wilmar's vision to enlarge offerings and build a formidable presence in the value-added segment over time, MD & CEO Angshu Mallick said.
Adani Wilmar got listed on stock exchanges in February 2022 after raising Rs 3,600 crore through an initial share sale.
KR Choksey recommended accumulate rating on Adani Wilmar with a target price of Rs 297 in its research report dated January 29 2025.
Adani Wilmar's Q3 Results: The firm reported its best-ever quarterly performance in Q3 FY25, driven by robust growth in edible oils and Food & FMCG segments, along with improved margins. The stock rebounded sharply from the day's low, to swing firmly into green.
Earlier, IDFC First Bank, DLF, IndiGo and JSW Steel announced their Q3 results.
Indian shares tumbled on Monday, with the midcap index recording its biggest slide in seven months, after an unexpectedly strong US jobs report signalled fewer Federal Reserve rate cuts
Adani Enterprises announced its decision to exit its joint venture stake in Adani Wilmar in December 2024.
Catch up on the latest stock market news! From quarterly earnings and acquisitions to major deals and investments, here’s a quick update on stocks in focus today: Avenue Supermarts, Just Dial, Adani Wilmar, Waaree Energies, Indian Overseas Bank, and Biocon. Stay tuned for key developments and insights!
Stocks To Watch Today, Jan 13: Stocks like Just Dial, PCBL, NCL Industries, Sunteck Realty, JSW Energy, Signature Global India, Sudarshan Pharma, Poly Medicure, ICICI Lombard General Insurance Company, Adani Wilmar, Indian Overseas Bank,Bank of Baroda, Ola Electric Mobility, and Standard Glass Lining Technology will be in focus on January 13.
Sensex and Nifty extended their losing streak for the third consecutive session on January 10
Adani, which holds nearly 44% stake, will sell up to 13.5% to the public in an offer for sale beginning Jan 10, with an option to sell an additional 6.5%
Stocks To Watch Today, Jan 10: Stocks like GTPL Hathway, Adani Total Gas, Polyplex Corporation, SRF, Equitas Small Finance Bank, Samvardhana Motherson International, Mazagon Dock Shipbuilders, Bombay Burmah Trading Corporation, NTPC Green Energy, and Fabtech Technologies Cleanrooms will be in focus on January 10.
The OFS will have a base offer of 13.5% equity and a green shoe option for another 6.5% stake, a company filing said on January 9.
Stocks To Watch Today, Jan 6: Stocks like Indian Bank, ESAF Small Finance Bank, Equitas Small Finance Bank, Ujjivan Small Finance Bank, Union Bank of India, IDBI Bank, Adani Wilmar, Vedanta, L&T Finance, Mahindra & Mahindra Financial Services, UCO Bank, Marico, ICICI Bank, and JSW Infrastructure will be in focus on January 6.
Just as ITC used its strong cigarette business to expand into FMCG, AWL is set to use its dominant edible oil business as a foundation for FMCG growth
Benchmark indices Nifty and Sensex showed a mixed trend on December 31, the final trading day of 2024. Here’s a look at the top gainers and losers in trade today.
Adani Wilmar shares are lower by 17% in 2024. JPMorgan's note has ascribed an Underweight with a target of Rs 320 per share, adding that the company has significant sourcing, supply chain and scale advantages.
Adani Enterprises is selling a total of 44% stake in the JV, and Wilmar International will acquire up to 31% in it. Adani’s nominee directors will be stepping down from the board and shareholders will be changing the name of the company.
The majority owners of Adani Wilmar currently own a combined 86.8% in Adani Wilmar, far above the maximum permissible 75%.