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India's Adani Group to exit Wilmar joint venture
INDIA's Adani Group will exit its consumer goods joint venture with Singapore's Wilmar International, the two companies said on Monday, to focus on its infrastructure projects.
Adani Enterprises, the group's flagship firm, will sell a 13% stake in Adani Wilmar, with the remaining 31% going to Wilmar.
Wilmar will acquire Adani's 31% stake at a price not exceeding 305 rupees per share, the companies said.
- Reuters
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
