Adani Wilmar Delays 12% Stake Sale Amid Bribery Indictment

Adani Enterprises Ltd. and Wilmar International Ltd. are reportedly delaying the sale of at least 12% in their Indian food venture, Adani Wilmar Ltd., following a US bribery indictment against billionaire Gautam Adani. The share sale, originally planned for this month, is required to comply with local securities law, which mandates at least 25% of shares be held by non-founders by February 2025.