News > Edible oil firm Adani Wilmar limits IPO size to Rs 3,600 cr from Rs 4,500 cr

Edible oil firm Adani Wilmar limits IPO size to Rs 3,600 cr from Rs 4,500 cr

Edible oil major Adani Wilmar Ltd (AWL) has cut the size of its initial share-sale to Rs. 3,600 crore from the Rs. 4,500 crore planned earlier, people familiar with the development said on Friday.

The company, which sells cooking oils under the Fortune brand, is expected to float its initial public offering (IPO) this month, they added. AWL is a 50:50 joint venture company between Ahmedabad-based Adani group and Singapore's Wilmar group.