|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Wilmar enters agreement to acquire shares in Adani Wilmar
|
|
Monday, 06 January, 2025, 08 : 00 AM [IST]
|
|
Singapore
|
Wilmar International Limited has announced that its wholly-owned subsidiary, Lence Pte. Ltd., has entered into an agreement with Adani Commodities LLP for an option to acquire up to a maximum of 403,739,517 equity shares representing 31.06% of the existing paid-up equity share capital of Adani Wilmar Limited held by ACL as at the date of exercise of the option. The option price per equity share will be mutually agreed upon by the parties, subject to a maximum price of Rs 305.
The company, incorporated in India, is listed on BSE Limited and the National Stock Exchange of India Limited. Both companies each, currently own 571,019,435 equity shares (each representing 43.94% of the existing paid-up equity share capital), aggregating to 87.87% of the equity shares. The balance of 12.13% equity shares is held by public shareholders. Under the relevant regulations issued by the Securities and Exchange Board of India, it is required to maintain a minimum public shareholding (MPS) of 25%. The closing under the agreement is subject to the completion of the sale of the necessary number of equity shares to comply with the MPS requirement.
|
|
|
|
|
|
|
|
|
|