Adani Wilmar stock jump 5%

New Delhi: Adani Wilmar shares jumped 5 per cent on Friday in the morning trade after the group’s flagship firm Adani Enterprises announced that it will demerge its food-FMCG division and also its strategic investments in Adani Commodities LLP to edible oil major. The company’s scrip climbed 4.82 per cent to trade at Rs 365.15 apiece on the National Stock Exchange (NSE).

On the BSE, shares of Adani Wilmar rallied 4.61 per cent to Rs 364.25 per piece. The BSE Sensex benchmark slumped 715.41 points or 0.87 per cent to trade at 81,152.14 while the 50-share NSE Nifty slipped 218.15 points or 0.87 per cent to 24,792.75. Adani Enterprises Ltd will demerge its food-FMCG division and its strategic investments in Adani Commodities LLP to edible oil major Adani Wilmar Ltd as part of the strategy to give greater focus to this business and unlock value for shareholders.