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Adani Wilmar extends rally; stock surges 30% over issue price

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Adani Wilmar extends rally; stock surges 30% over issue price

Shares of Adani Wilmar hit a new high of Rs 299.65 in intraday trade on Wednesday after rising nearly 13 percent on the BSE.

Following today’s rally, shares of Adani Group’s edible oil major have surged 30% from its IPO price of Rs 230 per share and more than 36% above its BSE listing price of Rs 221. On the NSE, it is listed at Rs 227 with a slight drop of 1 per cent.

Adani Wilmar is the seventh public company of the Adani Group. The company, a joint venture between Adani Group and Wilmar Group, is India’s leading manufacturer of Fortune branded edible oils. In addition to oils, the company offers products such as wheat flour, rice, beans, sugar and packaged foods.

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Proceeds from the public offering will be used to fund capital expenditures, reduce debt and make acquisitions as the company seeks to become India’s largest food and FMCG company.

The company is one of the few major FMCG companies to enjoy pan-India coverage, and its vast distribution network consists of 5,566 distributors across 28 Indian states and 8 federal territories, serving more than 1.6 million retail outlets .

“Adani Wilmar has benefited from its in-depth knowledge of the local market, extensive domestic trade experience and advanced logistics network. The company has successfully developed its ‘Fortune’ brand in the edible oil category and is a leader in the food sector.” Past 20 years,” ICICI Securities said in a report.

Separately, Adani Wilmar has notified the company’s board of directors that a meeting is scheduled for February 14, 2022 to review and approve the unaudited financial results for the quarter and nine months ended December 31, 2021.

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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