Adani Wilmar said to defer stake sale amid US bribery charges

Adani Wilmar said to defer stake sale amid US bribery charges

Local securities law requires at least 25% of the holding to be with non-founders within three years of listing Adani Enterprises and Wilmar International are said to delay a proposed sale of at least 12 per cent in their Indian food venture after a US bribery indictment against the billionaire-founder Gautam Adani, according to people…

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