Adani Wilmar Promoter to Offload 20% Stake Through Offer for Sale
18 hours ago
Offer for Sale Details
Shares of Adani Wilmar Ltd are in the news today as Adani Commodities, one of the promoter entities of Adani Wilmar, will commence its offer for sale (OFS) to offload up to 20% stake. The OFS will be carried out from January 10 to January 13, with a floor price of Rs 275 per share, as per a company filing on January 9.
Adani Wilmar Stock Performance
On Thursday, Adani Wilmar shares ended 0.64% lower at Rs 323.95, with a market cap of Rs 42,103 crore. The FMCG stock has fallen 13% in the last one year and lost 44.67% in two years. In terms of price action, Adani Wilmar shares are trading lower than the 5-day, 10-day, 100-day, 150-day, and 200-day moving averages, but higher than the 20-day, 30-day, and 50-day moving averages.
OFS Process and Allocation
The OFS will comprise a base offer of 13.50% equity along with a green shoe option. Adani Commodities LLP will offload 17.54 crore shares, or 13.50% stake of Adani Wilmar, with an option to sell an additional 8.45 crore shares (6.50% of the paid-up equity) in case of oversubscription. 25% of the stake in the OFS is reserved for mutual funds and insurance companies. Antique Broking, ICICI Securities, Jefferies, Nuvama Wealth, and SBICAP Securities are the brokers for the share sale.
Shares of Adani Wilmar Ltd are in the news today as Adani Commodities, one of the promoter entities of Adani Wilmar, will commence its offer for sale (OFS) to offload up to 20% stake. The OFS will be carried out from January 10 to January 13, with a floor price of Rs 275 per share, as per a company filing on January 9.
Adani Wilmar Stock Performance
On Thursday, Adani Wilmar shares ended 0.64% lower at Rs 323.95, with a market cap of Rs 42,103 crore. The FMCG stock has fallen 13% in the last one year and lost 44.67% in two years. In terms of price action, Adani Wilmar shares are trading lower than the 5-day, 10-day, 100-day, 150-day, and 200-day moving averages, but higher than the 20-day, 30-day, and 50-day moving averages.
OFS Process and Allocation
The OFS will comprise a base offer of 13.50% equity along with a green shoe option. Adani Commodities LLP will offload 17.54 crore shares, or 13.50% stake of Adani Wilmar, with an option to sell an additional 8.45 crore shares (6.50% of the paid-up equity) in case of oversubscription. 25% of the stake in the OFS is reserved for mutual funds and insurance companies. Antique Broking, ICICI Securities, Jefferies, Nuvama Wealth, and SBICAP Securities are the brokers for the share sale.