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Adani Enterprises said to consider selling $2.7 billion Adani Wilmar stake

Adani Wilmar's share fell nearly 36 percent this year, valuing the company at around $6.2 billion. Adani-linked companies had lost more than $150 billion in market value at one point after US-based short seller Hindenburg Research leveled fraud allegations against the business empire, which were denied by the conglomerate, according to Bloomberg.

The conglomerate is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, according to people familiar with the matter.

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