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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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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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