Adani to shift flagship's food business to Wilmar JV

Shareholders of Adani Enterprises will be issued shares of Adani Wilmar as consideration for the transfer of the foods business. Adani Enterprises owns about 44% of Adani Wilmar, in which Singapore's Wilmar holds a stake. However, once the scheme is implemented, shareholders of Adani Enterprises will directly own Adani Wilmar...