The OFS will have a base offer of 13.5% equity and a green shoe option for another 6.5% stake, a company filing said on January 9.

The sale, which was announced last month, involved the sale of 17.54 crore shares (13.50% equity) in Adani Wilmar on January 10 to non-retail investors and on January 13 to retail investors at a minimum price of Rs 275 per share.

Adani Wilmar shares plunged 9.24 per cent to hit a low of Rs 294 on BSE. The scrip is down 18.69 per cent in the past one year and 47 per cent in the past two years.

Price for the Offer For Sale (OFS) has been fixed at ₹275 apiece, which is a 15% discount to Adani Wilmar's closing price on Thursday.

Adani, which holds nearly 44% stake, will sell up to 13.5% to the public in an offer for sale beginning Jan 10, with an option to sell an additional 6.5%

On January 9, the group had announced sale of 17.54 crore shares (13.50 percent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece.

Last month, the conglomerate had said that it will sell its entire 44 per cent stake in Adani Wilmar in a two-step process for $2 billion

The OFS price has been set at ₹ 275 per share, representing a 15% discount compared to Adani Wilmar 's closing price on Thursday. The sale will commence for non-retail investors on Friday, January 10, and for retail investors on Monday, January 13.

Adani Commodities LLP, a promoter of Adani Wilmar Ltd (AWL), is set to offload up to 20 per cent stake in the company through an Offer for Sale (OFS), opening on January 10, the company said in an exchange filing on Thursday.

Adani Group Raises Rs 4,850 Crore by Selling 13.5% Stake in Adani Wilmar - Adani Group has raised Rs 4,850 crore through the sale of a 13.5% stake in Adani Wilmar, marking a