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Adani Wilmar clarifies that no irregularities were found during the routine inspection by authorities. This after reports of raids on the company in Himachal Pradesh. 


After reports of raids, Adani Wilmar clarifies, says it was a 'routine inspection' 

Tax officials inspect Adani Group facility in Himachal: Reports Raids conducted at Adani Wilmar store in Solan district on Feb 8 No irregularities found in routine inspection: Adani Wilmur

Tax officials inspect Adani Group facility in Himachal: Reports

Adani Wilmar clarifies that no irregularities were found during the routine inspection by authorities. This after reports of raids on the company in Himachal Pradesh.&nbsp;

After reports of raids at Adani Wilmar's warehouse in Himachal, the company has issued a clarification, saying that it was not a raid, but a routine inspection and that there were no irregularities found.&nbsp; A spokesperson of Adani Wilmar said that "The officials did not find any irregularities in the operations and dealings conducted by the company. We would like to clarify that the concerns specific to GST payments in cash, citing GST law under Rule 86B, the company is not required to pay a tax liability in cash,"
As per reports, the Himachal Pradesh state tax department conducted raids on Adani Wilmar on the 8th of February. Reports also said that the raids were carried out over irregularities with respect to GST payments.&nbsp;

Billionaire Gautam Adani, who has now slipped to the third position on the Bloomberg Billionaires Index said his group would invest $100 billion over the next decade, primarily in energy transition and digital opportunities, as well as sectors such as aerospace and defence, metals and petrochemicals. 
Adani has been aggressively expanding into new sectors, with his latest foray into the cement sector through a $6.5 billion acquisition of Ambuja Cements Ltd and ACC Ltd, instantly making the group the second-largest cement maker in the country. 
It is our commitment to investing $70 billion in an integrated hydrogen-based value chain," Adani said at The Forbes Global CEO Conference 2022 in Singapore.
Adani added that India is set to witness multi-decade growth tailwinds, making it a relatively bright spot in the global economy amid the current turbulent environment.
The group also announced entry into the alumina and iron business with an investment of up to ₹57,575 crore. Starting as a commodities trading company in the late 1980s, the Adani group has, over the years, added ports, airports, power, renewable energy, gas distribution and data centre business to its portfolio. 

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Billionaire Gautam Adani, who has now slipped to the third position on the Bloomberg Billionaires Index said his group would invest $100 billion over the next decade, primarily in energy transition and digital opportunities, as well as sectors such as aerospace and defence, metals and petrochemicals.&nbsp;
Adani has been aggressively expanding into new sectors, with his latest foray into the cement sector through a $6.5 billion acquisition of Ambuja Cements Ltd and ACC Ltd, instantly making the group the second-largest cement maker in the country.&nbsp;
It is our commitment to investing $70 billion in an integrated hydrogen-based value chain," Adani said at The Forbes Global CEO Conference 2022 in Singapore.
Adani added that India is set to witness multi-decade growth tailwinds, making it a relatively bright spot in the global economy amid the current turbulent environment.
The group also announced entry into the alumina and iron business with an investment of up to ₹57,575 crore. Starting as a commodities trading company in the late 1980s, the Adani group has, over the years, added ports, airports, power, renewable energy, gas distribution and data centre business to its portfolio.&nbsp;

Adani Wilmar, the joint venture between Adani Group and Wilmar Group and also the parent company of the famous oil brand Fortune, is opening its public offer from today.

Adani Wilmar IPO: Fortune oil parent Adani Wilmar's IPO opens today; should you subscribe?

Fortune Oil parent company and the joint venture of Adani Group and Wilmar Group, Adani Wilmar is going to open its IPO on January 27.

Adani Wilmar IPO

Adani Wilmar is&nbsp;an FMCG food company offering most of the essential kitchen commodities

Adani Wilmar&nbsp;IPO:&nbsp;Adani&nbsp;Wilmar, the joint venture between Adani&nbsp;Group and Wilmar&nbsp;Group and also the parent company of the famous oil brand Fortune, is opening its public offer from today, i.e January 27.
Adani Wilmar is&nbsp;an FMCG food company offering most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses, and sugar.
<h3><a href="https://www.editorji.com/business-news/markets/fortune-oil-parent-adani-wilmar-to-open-ipo-on-jan-27-1642742238804" target="_blank">Adani Wilmar&nbsp;IPO</a>&nbsp;Details:-</h3>
<ul>
<li>IPO&nbsp;Dates: Jan 27 to 31</li>
<li>IPO&nbsp;Price: Rs 218 to 230</li>
<li>Market Lot: 65 shares</li>
<li>Issue Size: Rs 3,600 crore</li>
<li>GMP: Rs 50 (21%)</li>
<li>Min Investment: Rs 14,950</li>
</ul>
The expected date for the listing of the shares of&nbsp;Adani Wilmar&nbsp;is&nbsp;February 8. The company will utilise the proceeds from the IPO for funding capital expenditure; repayment/prepayment of borrowings; funding strategic acquisitions and investments; and for general corporate purposes.
Among the competitive strengths are its strong brand recall value, large distribution network, and strong business networks to source raw material.

adani wilmar

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