Adani Enterprises Exits Venture with Wilmar International

In a press release, Adani Enterprises Limited (AEL) announced its full exit from the food, edible oil and consumer goods joint venture Adani Wilmar, where it holds a 44% stake. Lence Pte. Ltd., a subsidiary of Wilmar International, will acquire 31.06% of Adani Wilmar's equity shares from Adani Commodities, a wholly-owned subsidiary of AEL, under a call or put option agreement.