Adani Wilmar IPO Kicks Off | Pranav Adani, Adani Group

 

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Adani Wilmar, the world's largest edible oil producer, today launched its IPO and secured an IPO of Rs 3,600 crore.  The proceeds of the public offering will be used for capital expenditure, debt reduction and acquisitions as the company strives to become India's largest food and FMCG company.  


Pranav Adani, Director, Adani Wilmar, while talking to ET Now said that the food business has good growth opportunities.  They expect strong demand from rural markets.  He believes that high raw material prices are now behind us.  The company wants to be in every kitchen going forward.  The focus is on distribution and creation of rural infrastructure.

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