Adani Wilmar shares plunged nearly 10% after the Adani Group announced plans to sell up to 20% stake via an Offer For Sale (OFS) to raise ₹7,148 crore. The stake sale, priced at ₹275 per share, is part of Adani’s strategy to exit non-core businesses and focus on infrastructure. Proceeds will boost Adani Enterprises’ growth. The move aligns with SEBI’s public float compliance rules.
