Mon Dec 30 14:00:00 UTC 2024: ## Adani Enterprises to Raise Over $2 Billion From Adani Wilmar JV Exit
**BENGALURU, INDIA** – Adani Enterprises (AEL) will raise over $2 billion by exiting its joint venture with Wilmar International in Adani Wilmar Ltd., according to a statement released on December 30, 2024. The deal, expected to close before March 31, 2025, involves a two-step process including an offer for sale (OFS) and a direct sale to Wilmar. AEL plans to utilize the funds to expand its core infrastructure businesses, focusing on energy and utilities, transport and logistics, and related primary industries.
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