Wilmar International is to acquire a chunk of the shares held in India venture Adani Wilmar from its partner Adani Enterprises, which is leaving the alliance. Singapore-based agri-food group Wilmar International is to pay around Rs126.

India's Adani group is exiting its consumer goods joint venture with Singapore's Wilmar International in a $2 billion deal as it looks to bolster its infrastructure business. The divestment marks the Indian conglomerate's first major transaction since the U.

Adani Wilmar share price plunged 8% after Adani Enterprises announced it would exit its joint venture with Singapore’s Wilmar group, raising over $2 billion.

Adani Enterprises Limited , along with its wholly owned subsidiary Adani Commodities LLP, entered into a definitive agreement with Lence Pte. Ltd, a subsidiary of Wilmar.

India's Adani Group will exit its consumer goods joint venture with Singapore's Wilmar International, the two companies said on Monday, to focus on its infrastructure projects. Adani Enterprises, the group's flagship firm,