Adani Wilmar files IPO papers to raise Rs 4,500 crore

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Mumbai: Adani Wilmar will be launching its IPO to raise Rs 4500 crore. The company yesterday filed a draft red herring prospectus (DRHP) with SEBI, said Adani Enterprises in a filing to the bourses.

The company is a 50-50 joint venture between Adani Enterprises and Wilmar Group and is one of the major FMCG food companies in India offering sugar, rice and other essential kitchen commodities to the consumers.

In November last year, Gujarat-based Adani Wilmar completed 20 years of operations of its flagship ‘Fortune’ brand.

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