Adani Wilmar Sets IPO Price Band At Rs 218-230 Per Share

The agency has lower the IPO dimension to Rs 3,600 crorefrom Rs 4,500 croreannounced in 2021.

Mumbai: India's main edible oil refiner Adani Wilmar has set the indicative value band for its preliminary public providing (IPO) of shares at between Rs 218 and Rs 230 apiece, in keeping with a advertising and marketing time period sheet for the providing reviewed by Reuters.The IPO, which can open for bidding on January 27, will worth the 50-50 three way partnership between Singapore agribusiness Wilmar International and Indian conglomerate Adani Group at Rs 29,900 crore ($4.01 billion) on the prime finish of the value vary.The agency has lower the IPO dimension to Rs 3,600 crore from Rs 4,500 crore introduced in 2021.Adani Wilmar sells kitchen commodities akin to edible oil and wheat in India beneath a various vary of manufacturers.(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)