Adani Ent to demerge food FMCG biz and transfer to Adani Wilmar

Adani Enterprises Limited has approved a Scheme of Arrangement to demerge its Food FMCG business and transfer it to Adani Wilmar Limited. The move aims to provide specialized management and enhanced focus for the business. The transaction will occur on a going concern basis, with Adani Wilmar issuing equity shares to Adani Enterprises shareholders as consideration. Adani Enterprises' shareholders will directly hold shares in Adani Wilmar.