As part of the divestment, the promoters will sell up to 1.24% of the total paid-up equity share capital of the company aggregating up to 1,61,16014 shares between December 26 and January 31. At the end of the September quarter, Adani Commodities owned 43.97% stake in the company while the other promoter Lence Pte, part of the Wilmar Group, also owned an equal number of 43.97% stake in the FMCG firm.
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