Adani Wilmar's Revenue Surges 96%, Leading to Food FMCG Business Demerger

Strong Growth in Edible Oils and Food FMCG

Adani Enterprises to Demerge Food FMCG Business

Adani Wilmar Limited (WEB) has experienced a remarkable 96% year-on-year growth in revenue, driven by notable growth in its Edible Oils and Food FMCG businesses. The company has announced plans to demerge its Food FMCG business, along with all associated assets and liabilities.

Adani Enterprises Limited (AEL), the flagship firm of the Adani Group, currently holds WEB as a subsidiary. As part of the demerger process, AEL shareholders will receive 251 shares of WEB for every 100 shares they hold in AEL.

The demerger announcement has been met with positive market sentiment. WEB shares witnessed a surge of 64% following the announcement. This move is expected to unlock value for both AEL and WEB shareholders by creating separate entities with distinct growth trajectories.

For more information on the demerger and its impact on Adani Wilmar's share price, please refer to the latest market updates and financial news sources.