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Adani Enterprises cancels demerger of stake in Adani Wilmar till it meets public float rules

By Livemint - 3 weeks ago
Adani Enterprises has reversed its decision to spin off Adani Wilmar's shareholding, requiring the FMCG unit to meet public shareholding norms first. The board also approved raising ₹2,000 crore through non-convertible debentures, amid a surge in profits driven by emerging businesses.

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