Adani Enterprises to Fully Exit Adani Wilmar in $2bn Deal

31 Dec 2024 CW Team

Adani Enterprises Ltd announced its decision to exit its 44% stake in Adani Wilmar, shifting its focus to infrastructure. The exit will occur in two phases: first, through a stake sale to Wilmar International’s subsidiary, Lence, and second, via a partial divestment to meet public shareholding requirements.

In a deal signed on December 30, 2024, Lence Pte Ltd will acquire up to 31.06% of Adani Wilmar's equity shares, currently held by Adani Commodities LLP, a subsidiary of Adani Enterprises. The transfer will occur through a call or put option mechanism.

Additionally, Adani Enterprises will divest about 13% of its shares in Adani Wilmar to ensure compliance with public shareholding norms. As of December 27, 2024, Adani Wilmar's market capitalisation stood at Rs 42,785 crore.

This transaction is expected to provide funds for Adani Enterprises to invest in its core infrastructure sectors such as energy, transport, and logistics.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..