Adani Wilmar zooms on inking pact to acquire GD Foods
Adani Wilmar is currently trading at Rs. 254.10, up by 14.30 points or 5.96% from its previous closing of Rs. 239.80 on the BSE.
The scrip opened at Rs. 245.05 and has touched a high and low of Rs. 255.60 and Rs. 245.05 respectively. So far 116625 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 404.00 on 08-Aug-2024 and a 52 week low of Rs. 231.55 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 259.00 and Rs. 233.75 respectively. The current market cap of the company is Rs. 33031.33 crore.
The promoters holding in the company stood at 87.87%, while Institutions and Non-Institutions held 1.21% and 10.92% respectively.
Adani Wilmar has signed definitive agreement to acquire G.D. Foods Manufacturing (India) (GD Foods). The acquisition will be executed in multiple tranches, with 80% of the shares to be acquired in the first tranche, and the remaining 20% to be acquired over the next three years. Aligned with its vision to cater to the kitchen needs of Indian households, this acquisition offers a strategic advantage by expanding its portfolio with a broad range of value-added food products.
The acquisition is subject to meeting customary closing conditions, with the first tranche is expected to close in 60 days. The transaction will be funded by internal accruals or IPO proceeds.
Adani Wilmar is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, 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.
