Adani Enterprises Limited (BSE:512599) (The Adani Group) is in talks with multiple multinational consumer goods companies to sell its entire 43.97% stake in Adani Wilmar Limited (NSEI:AWL), which owns the Fortune brand of edible oils and packaged grocery, executives familiar with the matter said. A deal, they said, is likely to be finalised within a month. The ports-to-renewable energy conglomerate is expecting $2.5-3 billion for its stake in the joint venture with Singapore based Wilmar International, which too owns 43.97% of the company, they said.

Emails sent to the Adani Group and Adani Wilmar remained unanswered as of press time Sunday. Wilmar International declined to comment. ?Adani Group will exit a few businesses to invest more deeply in the core focus areas such as infrastructure,?

one executive said. ?Plans to disinvest its stake in Adani Wilmar are on these lines,? he said, adding that proceeds from the proposed sale are likely to be used for investments in other group businesses and not to pare debt.