Wilmar proposes IPO of Adani Wilmar on Indian stock exchange

Felicia Tan
Felicia Tan8/3/2021 11:12 AM GMT+08  • 2 min read
Wilmar proposes IPO of Adani Wilmar on Indian stock exchange
The proposed listing will comprise an IPO in the form of new equity shares issued by Adani Wilmar for up to $811.7 million.
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Adani Wilmar, a 50:50 joint venture (JV) company between Wilmar International and the Adani group, has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) on Aug 2.

The prospectus was filed in relation to the proposed initial public offering (IPO) of Adani Wilmar for listing on the BSE Limited and National Stock Exchange of India.

The proposed listing will comprise an IPO in the form of new equity shares issued by Adani Wilmar for an amount of up to 45,000 million rupees (US$600 million or $811.7 million).

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