The Adani Group plans to raise INR 71.48 billion ($833 million) by selling up to a 20% stake in Adani Wilmar Ltd. to focus on core infrastructure businesses. Shares will be sold at a floor price of INR 275 through an offer-for-sale. Adani Commodities LLP will sell 175.45 million shares, with a greenshoe option for an additional 84.5 million. The initial share sale was fully subscribed, with bids exceeding 111%. Adani Wilmar’s shares fell 10%, reflecting a 21% decline over the year. This sale comes amid legal challenges in the U.S., potentially impacting Adani’s fundraising efforts.