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Shares of the FMCG major Adani Wilmar was listed on the bourses with impressive gain amidst volatile indices. Offered at Rs 230, Adani Wilmar closed at Rs 268.25 on NSE with the gain of 16.63 per cent, on Tuesday.The share price witnessed an intraday high of Rs 271.25 and low of Rs 227.Investors' interest in Adani Wilmar was evident from the high volume of the debutant scrip despite the volatility in the market. Over 13.50 crore equity shares of Adani Wilmar were traded on NSE and close to 75 lakh shares on the BSE. On Tuesday, Nifty 50 closed with gain of 0.31 per cent at 17,266 after touching the day's low at 17,043.65.With this Gautam Adani led Adani Group listed its seventh company and this portfolio is valued at over $153 billion. Adani Wilmar that was valued at close to Rs 35,000 crore is better known for Fortune brand of edible oil and other edible items such as rice, pulses, wheat flour and sugar.It's initial public offer of Rs 3600 crore was oversubscribed by 18 times with strong interest from long term investors like GiC, HDFC, Birla and Nippon Mutual funds. The funds will be used for setting up new plants, repaying debt and making strategic acquisitions.Adani Wilmar, over two decade old 50:50 JV, enjoys highest 18 per cent market share in India's cooking oil business. It also has a significant presence in industrial segments with market leadership in few other product categories. Adani Wilmar diversified into the food business three years back and it is growing at 25 per cent CAGR. The company is planning to strengthen its FMCG portfolio with new product offerings in near future.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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New Delhi, May 18 Brokerage house ICICI Securities has given a "hold" call for Adani Wilmar stocks with ... ...

Cyril Amarchand Mangaldas advised and assisted Adani Wilmar Limited (Adani Wilmar), a listed company, in its acquisition of the renowned Basmati rice brand 'Kohinoor' from McCormick Switzerland GMBH. ...

FMCG firm Adani Wilmar Limited on Tuesday said it has bought popular rice brand Kohinoor from McCormick Switzerland GMBH for an undisclosed amount. ...

New Delhi, May 3 Adani group company, Adani Wilmar has announced it would acquire popular rice brand Kohinoor ... ...

New Delhi, April 26 The market capitalisation of Adani Wilmar breached the Rs 1 trillion mark, reportedly making ... ...

The market capitalization of Adani Wilmar crossed Rs 1 lakh crore on Tuesday as the company's share jumped 5 per cent. ...

New Delhi, March 28 Shares of Adani Wilmar hit the 10 per cent upper circuit on Monday. Adani ... ...

Shares of the FMCG major Adani Wilmar was listed on the bourses with impressive gain amidst volatile indices. Offered at Rs 230, Adani Wilmar closed at Rs 268.25 on NSE with the gain of 16.63 per cent, on Tuesday. ...