Adani Wilmar’s plan to meet the minimum public shareholding requirement involves its two promoter entities, Adani Commodities and Lence Pte, intending to sell approximately 1.6 crore shares, which represents 1.24 per cent of the company.
This move aligns with regulatory obligations set by the Securities and Exchange Board of India, mandating companies to maintain a minimum 25 per cent public stake within three years of their listing.
As of now, the promoter shareholding in Adani Wilmar stands at 87.94 per cent, indicating the need for adjustment to meet the compliance standard. Having been listed in February 2022, the company has until early 2025 to realign its shareholding structure by regulatory guidelines.
Additionally, reports are hinting at the Adani Group’s potential departure from its partnership with Wilmar, suggesting possible strategic shifts or changes within the venture’s ownership landscape.
