InvestorQ : Is Adani Wilmar currently looking for potential acquisitions in the Indian market?
Neelam Naik made post

Is Adani Wilmar currently looking for potential acquisitions in the Indian market?

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Anu Biswas answered.
3 weeks ago
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Adani Wilmar, the FMCG arm of Adani group, is currently looking out for local and overseas acquisition targets. Adani Wilmar is making a big bet on boosting food operations. This has gathered steam after Reliance Retail announced mega FMCG plans. Adani Wilmar earmarked Rs500 crore from the IPO and Rs300 crore from internal resources for acquisitions. With the Indian food industry pegged at $400 billion, Adani group has made nearly 32 acquisition in last 1 year, spending $17 billion.

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