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The 50:50 joint venture (JV) between Adani and Wilmar was set up in 1999. The company raised Rs 3,600 crore by way of an initial public offering in February 2022, bringing the stake of the two JV partners down to 43.97% each. ....
Adani Enterprises is reportedly looking to sell its 43.97% stake in Adani Wilmar, which is expected to be worth about $2.7 billion at the current share price. ....
Unilever's venture capital arm invests in health & wellness startup moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Reliance Retail exceeds the threshold of one billion transactions in FY23 to expand its FMCG business - Reliance Retail has crossed the milestone of a billion transactions in FY23, and its registered customer base reached 249 million, stated the. ....
Sales of daily groceries and essentials increased 8.5% YoY between April and June; the highest increase in a decade. FMCG sales was up 5.3% in rural markets and 12% in cities from a year earlier. However, consumption in villages only grew by 2%. Analysts believe the high increase in sales was largely due to the government offering free food grains, notably atta, which saw a growth of 8.5% during the quarter. ....