Adani Enterprises Limited (BSE:512599) (Adani Group) is in talks with multiple multinational consumer goods companies to sell its entire 43.97% stake in Adani Wilmar Limited (NSEI:AWL), which owns the Fortune brand of edible oils and packaged grocery, said executives familiar with the matter. A deal, they said, is likely to be finalised within a month. The ports-to-renewable energy conglomerate is expecting $2.5 billion - $3 billion for the stake in the joint venture with Singapore-based Wilmar International Limited (SGX:F34), which too owns 43.97% of the company, they said.

Emails sent to Adani Group and Adani Wilmar remained unanswered as of press time on November 5, 2023. Wilmar International declined to comment.