00:00 Arapati Gautam Adani is in the news these days.
00:03 Recently, foreign firms have invested in his companies.
00:06 He has also sold his share in his company Adani Capital.
00:10 After the report of Hindenburg, Adani Group is now working on new strategies.
00:15 Now, once again, a big news related to Gautam Adani's flagship company Adani Enterprises has come to light.
00:21 Actually, Adani Group is planning to sell a share of its company.
00:26 Which company is it and why is Adani Group trying to separate from this company?
00:30 Let's tell you in this video.
00:32 Actually, Adani Enterprises plans to sell 44% of its shares in Adani Wilmer.
00:38 And with this, the joint venture of the company Singapore can be separated from Wilmer International Ltd.
00:44 At the same time, Wilmer International also has a share of 44% in Adani Wilmer.
00:48 According to Bloomberg's report, based on the current share price,
00:53 Adani Enterprises Ltd. has a share of $2.7 billion in Adani Wilmer.
00:59 But now the question arises, why is Adani Group doing this?
01:03 The company is selling these shares and working on a capital accumulation scheme for its core business.
01:09 Although, Gautam Adani and his family can keep minority stake in the company.
01:13 Basically, Wilmer is a Singapore company founded by Kuo Koon Hong in 1991.
01:20 Kuo Koon Hong can keep his share in this business.
01:24 This year, Adani Wilmer's shares have seen a drop of about 36% and its value has dropped to $6.2 billion.
01:32 This year, in January, American short-seller firm Hindenburg Research
01:36 accused Gautam Adani of fraud and market manipulation against Adani Group.
01:42 After which, Adani Group's market value dropped to $150 billion.
01:48 Let's tell you about Adani Wilmer.
01:52 Adani Wilmer entered the Indian share market through its IPO in 2022.
01:58 And through this public issue, the company had raised a total of $36 billion or $435 million.
02:04 The company has a share of 88% of Adani and Wilmer.
02:08 That is, Adani Enterprises and Wilmer have a share of 44-44% in Adani Wilmer.
02:14 The India's Share Bazaar Regulator, Securities and Exchange Board of India, or SEBI,
02:19 should have at least 25% share in any company's listing within 5 years of its big firm's company.
02:27 Adani Wilmer's products are sold under the name of Fortune Brand and are sold under the name of Khaad, Tel, Chawal, Aata, Chuni, Daale.
02:35 That is, Fortune is their most major brand.
02:38 Adani Group and Wilmer Group started this in January 1999 as a joint venture.
02:44 Currently, the company has 23 plants in 10 states of India.
02:47 Its competition is with ITC and Hindustan Unilever, which has reduced the company by Rs. 89 crore in the month of June.
02:55 The company says that it has suffered a loss due to a shortage of food oil and a high-cost venture.
03:02 Anyway, now Adani Enterprises is planning to sell its shares in Adani Wilmer.
03:07 We will keep you updated on what will happen next.
03:10 How did you like this video?
03:11 Tell us in the comments what you have to say about this move of Adani Group.
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