Adani Enterprises shares: What Ventura says on Adani Wilmar JV exit, target price
In a fresh note on Adani Enterprises Ltd, Ventura Securities said the strategic sale of Adani Wilmar Ltd looks all set to enhance Adani Enterprises’ liquidity. The proceeds, which could be leveraged for 2 times debt, will enable Adani Enterprises to raise additional debt of Rs 35,000–36,000 crore, creating a formidable Rs 50,000– 52,000 crore corpus, Ventura said.
The broking firm, whose previous note on Adani Enterprises came on December 28, 2024, said the Wilmar deal is set to further improve the Adani portfolio’s net debt-to-Ebitda ratio, currently at 2.4 times. The war chest is poised to supercharge AEL’s growth across its core infrastructure verticals, including the green H2 ecosystem, airports, data centers, roads, and…
