Singapore's Wilmar Worldwide targets $605 mln Indian IPO for Adani Wilmar

Aug 2 (Reuters) - Singaporean agribusiness Wilmar Worldwide (WLIL.SI) mentioned on Monday it was once pursuing a itemizing of its joint project Adani Wilmar in India thru an preliminary public offering rate as a lot as 45,000 million Indian rupees ($605.19 million).

Adani Wilmar, a 50-50 joint project between the firm and Indian conglomerate Adani Team, is expected to record on the BSE and the Nationwide Stock Trade.

Adani Wilmar sells kitchen commodities similar to edible oil and wheat in India under a various differ of producers.

Wilmar Worldwide did no longer negate an subject ticket for the itemizing, and mentioned it was once dependant on components alongside side the guide building job under Indian regulations and receipt of appropriate approvals.

($1 = 74.3570 Indian rupees)

Reporting by Arundhati Dutta in Bengaluru; Editing by Shailesh Kuber

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