Adani Enterprises weighs exiting $6 bln Wilmar venture - Bloomberg News
Indian billionaire Gautam Adani and his family may retain a minority stake in a personal capacity following a sale, while Wilmar could decide to retain its stake in the business, Bloomberg reported.
Deliberations are at an early stage and Adani Enterprises may decide to keep its stake, the report said. Adani Enterprises, Wilmar and Adani Wilmar did not immediately respond to Reuters' requests for comment.in the first quarter, hurt by a steep decline in edible oil prices.earlier this year after U.S. short-seller Hindenburg Research raised questions on the group's corporate governance.In May, a Supreme Court of India panel said it was "not possible" to conclude regulatory failure on allegation of price manipulation.
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