Adani Wilmar Stock Crash: The inventory market is not liking Adani Group’s Adani Commodities’ decision to promote its stake in FMCG company Adani Wilmar. And its impact can also be seen in at this time’s buying and selling session. Due to the group’s decision to promote shares by way of Offer for Sale, Adani Wilmar’s inventory (Adani Wilmat Stock Price) has fallen by 9 %. In the final closing session, Adani Wilmar had closed at Rs 323.45, which fell by 9.69 % to Rs 292.10 in at this time’s session.
Retail traders will be capable of take part in OFS on January 13
Promoter company Adani Commodities is promoting stake in Adani Wilmar by way of supply on the market. Today i.e. tenth January 2025, institutional traders are participating in this supply fall sale. On January 13, retail traders can bid to purchase the company’s inventory in this supply on the market. In a regulatory submitting with the inventory exchanges, Adani Wilmar mentioned that Adani Commodities, which is the promoter of the company, is promoting 17,54,56,612 shares equal to 13.50 % of the complete paid-up fairness share capital of the company in the supply on the market on January 10. Non-retail traders can take part in the supply on the market on 13 January whereas retail traders can take part on 13 January. If the Offer for Sale is oversubscribed, Adani Commodities has the choice to promote a further 6.5 % stake or 8,44,79,110 shares.
The ground value of OFS is Rs 275.
In this supply on the market, Adani Wilmar has set the ground value at Rs 275, which was at a 15 % low cost from Thursday’s closing value. But because of this decision of Adani Commodities on Friday, the inventory of Adani Wilmar has fallen flat.
Stock is 68 % under lifetime excessive
Adani Wilmar’s IPO got here in the month of February 2022. The company had raised cash at the concern value of Rs 230. Adani Wilmar’s inventory gave multibagger returns and reached Rs 878. But after this the pattern of decline in the inventory continued. The inventory is now buying and selling down about 68 % from its excessive.
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