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Declining profitability in edible oils and uncertainty about a promoter stake sale have turned into a perpetual problem for Adani Wilmar.
A proposed SEC settlement lifts the biggest overhang on the Adani Group—its access to US capital markets.
Slowing growth, weakening store metrics and a puzzling fundraise point to the retailer losing some of its post-Zudio sheen.
The Adani group plans to spend Rs 1 lakh crore over the next five years to develop its airport business. While everything—including the funding—is sorted, a prolonged war could disturb the math.