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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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Ranbir Kapoor

Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

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Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

Ranbir Kapoor and Alia Bhatt recently inspected their future home in Mumbai, marking their third wedding anniversary. The couple’s new home is still in progress, with Ranbir wearing a black t-shirt, matching shorts, sneakers, and a cap. Alia Bhatt was seen waiting for her husband at the location, while Ranbir looked at the progress of their new home’s construction.

A video of their outing emerged on social media, with Pinkvilla posting the clip for the first time. The bungalow, named Krishna Raj after Ranbir’s grandmother, holds emotional significance to the Kapoor family. It used to belong to Ranbir’s grandparents, Raj Kapoor and Krishna Raj, and was inherited by Rishi Kapoor and Neetu in 1980. A Bollywood Life report.

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Claimed that the new bungalow cost Ranbir and family ₹250 crore. It is speculated that after the bungalow is ready, the entire Kapoor family, including Neetu Kapoor, will stay together under one roof. Alia and Ranbir currently live with Raha at Vastu The rapid growth of OTT platforms in India has been attributed to factors such as increased cinema ticket costs.

Growing demand for niche content, and changing consumer preferences. Sidharth Malhotra improved internet infrastructure, and Janhvi Kapoor are set to share screen together in the ALL upcoming rom-com Param Sundari, and they have shared entertaining behind-the-scene pictures from the sets on social media.

​Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under- boasts a modern design with grey construction dream home in Mumbai’s Bandra area, just days after celebrating their third wedding anniversary on April 14. On April 16, the duo was spotted at and shorts. The couple appeared the construction site, inspecting the progress of their abode.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in new bringing their vision to life.

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The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current

Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process Raha underscores their commitment to creating a space that reflects their shared dreams and values Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in .​

The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bringing their vision to life bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current residence, Vaastu, where they live with their daughter, Raha .​

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Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process space that reflects their shared dreams and underscores their commitment to creating a space that reflects their shared dreams and values residence, Vaastu, where they live with daughter.

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