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Adani Wilmar IPO: Wafer-thin margins, but focus on food & FMCG could change that
By Vivek Ananth

The stock markets are turbulent, and in the midst of this, Adani Wilmar's initial public offering is opening today. The Rs 3,600-crore fresh issue of shares will entail a stake sale of about 12% by Adani Wilmar's owners. The company plans to use Rs 1,900 crore of the proceeds for capital expenditure or capex, Rs 1,059 crore for …

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