Business
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.
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.
Complete News Source : Business Standard
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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