Adani Wilmar LIMITED
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Adani Wilmar Limited is a joint venture incorporated in 1999 between the Adani Group and the Wilmar Group. As a joint venture, it benefits from its strong parentage. The company benefit from the Adani Group’s in-depth understanding of local markets, extensive experience in domestic trading and advanced logistics network in India, and leverage on the Wilmar Group’s global sourcing capabilities and technical know-how. It is one of the few large FMCG food companies in India to offer most of the primary kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. Commodities, such as edible oils, wheat flour, rice, pulses and sugar, account for approximately 66% of the spend on primary kitchen commodities in India. It offers a range of staples such as wheat flour, rice, pulses and sugar. Its products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups. Its portfolio of products spans across three categories: (i) edible oil, (ii) packaged food and FMCG, and (iii) industry essentials.
The offer comprises of a fresh issue of ₹36000 Million out of which ₹19,000 Million would be utilized for capital expenditure, ₹10,589 million would be utilized for repayment/prepayment of the borrowings, ₹4,500 million for funding strategic acquisitions and investments and the balance would be used for general corporate purpose.Click here for complete report.