Adani Wilmar Shares Dip as Promoters Trim Stake for SEBI Compliance

28 Dec 2023 CW Team

Adani Wilmar's shares witnessed a decline following the announcement that the company's promoters plan to lower their stake by up to 1.24 per cent. This strategic move is aimed at ensuring compliance with SEBI (Securities and Exchange Board of India) norms, which mandate a reduction in promoter shareholding to meet regulatory requirements.

The decision to sell a portion of the promoter's stake, valued at around Rs 588 million, is a proactive step to adhere to market regulations and align with SEBI's guidelines. While the move aims to meet regulatory standards, the impact on Adani Wilmar's share prices reflects market reactions to changes in the company's ownership structure.

The development emphasises the dynamic nature of India's stock market, where regulatory compliance plays a crucial role in shaping corporate strategies and investor sentiments. Adani Wilmar's commitment to adhering to SEBI norms underscores the company's dedication to maintaining transparency and regulatory integrity in the market.

Infrastructure Energy

19 May 2025

Indian Airports Shift to Green Energy with Solar Power

India is leading a solar revolution in aviation, with more than forty-four airports operating fully on renewable energy as of mid-2023. Over one hundred and twenty airports are expected to become carbon-neutral by 2025, marking a major shift in sustainable infrastructure.The movement began with Cochin International Airport, the world鈥檚 first fully solar-powered airport in 2015. Its solar farm has grown from twelve megawatts to fifty megawatts, producing over seventy million units annually and offsetting more than 1.5 million tonnes of carbon dioxide. This success has inspired similar initiat..

Real Estate

19 May 2025

ED Searches 13 Locations Linked to Illegal Buildings in Vasai

The Mumbai Enforcement Directorate (ED) searched thirteen locations in Vasai and Virar linked to builders involved in constructing 41 illegal buildings on a 60-acre plot earmarked for public projects. These premises were connected to those responsible for unauthorised constructions in the Vasai-Virar Municipal Corporation (VVMC) area.The 41 illegal buildings were demolished by VVMC over twenty-two days earlier this year following Bombay High Court orders. The ED鈥檚 probe began after multiple first information reports by the Mira-Bhayandar police related to the illegal constructions.The ED fou..

Real Estate

19 May 2025

RERA Orders Builder to Refund Buyers for Project Delay in Telangana

The Telangana Real Estate Regulatory Authority (TGRERA) has ordered R 亚博体育官网首页s Realtors Global LLP to refund six buyers for delays in completing a residential project at Beeramguda. The buyers had booked flats in Jai Vasavi鈥檚 ORR Heights in 2021, paying over Rs eight million.The builder promised construction would start by January 2022 and flats would be handed over within thirty months of approvals. However, even after more than two years, only initial digging work was done. The builder changed building plans from five floors to nine without informing buyers or obtaining consent.RERA found tha..