India's Adani Wilmar slips 6% after Adani group announces exit

AWL Agri Business

31/12/2024 04:01

** Shares of Adani Wilmar Ltd  ADAW.NS  slide 6.6% to 307
rupees, set for their worst day in over a month
    ** ADAW said during market hours on Monday that the Adani
group would sell its 44% stake in co for $2 bln
    ** Stock closed little changed on Monday
    ** J.P.Morgan highlights ADAW's related party transactions
with Adani group, which stood at 26% of H1FY25 rev
    ** Analysts tracking ADAW rate it "hold" on avg - data
compiled by LSEG 
    ** Stock extends YTD losses to 13%, set for second-straight
year of decline
    
    


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))