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04.03.25 - 20:30
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Adani Wilmar to acquire GD Foods (Times of India)
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Adani Wilmar (AWL) is acquiring GD Foods, maker of the Tops brand, to strengthen its presence in the kitchen essentials segment. AWL will acquire 80% shares for Rs 603 crore, with the remaining 20% bought over three years. This move expands AWL's product range beyond staples to sauces, pickles, and more. Funded through internal accruals and IPO proceeds, the acquisition aligns with the company's pan-India growth strategy....
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16.01.25 - 23:48
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Adani group stocks surge as US short-seller Hindenburg shuts (Times of India)
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Adani group stocks surged as news of Hindenburg Research's closure emerged, alongside positive developments in the Israel-Hamas conflict, increasing market capitalization by Rs 28,000 crore. Notably, NDTV rose 10%, Ambuja Cements 4%, and Adani Enterprises 1.7%. However, Adani Wilmar continued to decline. Despite the boost, the group's market value remains significantly below its peak following Hindenburg's damning report in January 2023....
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30.12.24 - 13:24
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Adani group to exit Adani Wilmar, sell stake to raise over $2 billion (Times of India)
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Adani group is completely exiting Adani Wilmar Ltd by selling its 43.94% stake. A 31.06% stake will be sold to Wilmar International, raising Rs 12,314 crore, and 13% through the open market. The proceeds, exceeding $2 billion, will boost Adani Enterprises' core infrastructure businesses. This move follows legal challenges faced by founder Gautam Adani in a bribery case....
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22.11.24 - 05:02
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Adani Group firms′ shares fall for second session after US indictments (Reuters EN)
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Adani Group firms' shares fall for second session after US indictments Nov 22 (Reuters) - Adani Group companies' shares fell for a second straight day on Friday after U.S. prosecutors charged the Indian conglomerate's billionaire chairman in an alleged bribery and fraud scheme. Gautam Adani's flagship Adani Enterprises ADEL.NS fell 4% to hit their lowest since May 2023. Adani Ports APSE.NS , Adani Total Gas ADAG.NS , Adani Green ADNA.NS , Adani Power ADAN.NS , Adani Wilmar ADAW.NS and Adani Ener...
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20.09.24 - 20:54
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Sugar Futures Erupt In Largest Weekly Gain In Years Amid "Unusual & Persistent Weather Events" In Brazil (ZeroHedge)
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Sugar Futures Erupt In Largest Weekly Gain In Years Amid "Unusual & Persistent Weather Events" In Brazil
Brazil's Center for Natural Disaster Monitoring and Alerts has reported that drought conditions plague roughly 59% of the country, including vast areas of agricultural land. The severe drought has damaged several key commodity crops in the South American country, which is known as the world's top exporter of soybeans, sugarcane, beef, coffee, corn, orange juice, and poultry.
Focusing on sugar markets, Bloomberg cited data from trader Wilmar International showing that droughts are expected to severely impact sugar production in the Center-South, Brazil's central growing region. So far, the dismal crop forecasts have catapulted raw sugar futures in New York to the largest weekly gain in six years, nearly eclipsing those levels and hitting levels not seen since 2008.
Wilmar wrote on X that a series of unusual weather events have significantly impacted the sugarcane crop in the Center-S...
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