{"id":5843,"date":"2025-01-10T10:35:55","date_gmt":"2025-01-10T05:05:55","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5843"},"modified":"2025-01-10T10:35:57","modified_gmt":"2025-01-10T05:05:57","slug":"adani-wilmar-shares-drop-9-as-promoter-offloads-stake-via-ofs","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/adani-wilmar-shares-drop-9-as-promoter-offloads-stake-via-ofs\/","title":{"rendered":"Adani Wilmar Shares Drop 9% as Promoter Offloads Stake via OFS"},"content":{"rendered":"\n<p>Shares of Adani Wilmar plunged by 9.5% to Rs 292 apiece on January 10, continuing a three-day losing streak. The decline followed the launch of a two-day Offer For Sale (OFS) by promoter Adani Commodities, which aims to sell up to 20% stake in the company.<\/p>\n\n\n\n<p>The OFS opened for non-retail investors on 10 January and will open on 13 for retail investors, who can submit their bids once the non-retail portion becomes fully subscribed. The stake sale comprises a base issue of 17-crore shares&#8211;or 2.5 occasions that amount due to an over-subscription option for Adani Wilma&#8217;s paid share capital&#8211;equivalent to 6-5%. Rs 275 per shares is the floor price for each OFS selling share, an erosion of the day&#8217;s low amount by 6%.<\/p>\n\n\n\n<p>In December 2024, Adani Enterprises announced that it would exit the joint venture with Wilmar International. The company will divest 13% of its stake to meet the minimum public shareholding norms, and the remaining 31% will be acquired by Wilmar International.<\/p>\n\n\n\n<p>This can help increase Adani Enterprises&#8217; liquidity manifold. According to the reports, money so received may be used to raise more funds for creating a pool of Rs 50,000 to Rs 52,000 crore.<\/p>\n\n\n\n<p>More related stories In fact, shares of Adani Wilmar lost over 11% in these last three days on the bourse, while it underperforms Nifty which loses hardly 1.0% of its value against this period The stock had spurted previously to a four-year low earlier \u2013 reached Rs 279 on November 22, 2024. MORE Feeds.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/adani-wilmar-shares-crash-9-as-promoter-looks-to-sell-up-to-20-stake-via-ofs-12907181.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/adani-wilmar-shares-crash-9-as-promoter-looks-to-sell-up-to-20-stake-via-ofs-12907181.html\" rel=\"noreferrer noopener nofollow\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Adani Wilmar plunged by 9.5% to Rs 292 apiece on January 10, continuing a three-day losing streak. The decline followed the launch of a two-day Offer For Sale (OFS) by promoter Adani Commodities, which aims to sell up to 20% stake in the company. The OFS opened for non-retail investors on 10 January [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[900],"class_list":["post-5843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-adani-wilmar-ofs"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5843"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5843\/revisions"}],"predecessor-version":[{"id":5845,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5843\/revisions\/5845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5844"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}