Adani Enterprises Limited (BSE:512599) (Adani Group) will decide on divesting its stake in Adani Wilmar Limited (NSEI:AWL), its joint venture with Singapore-based Wilmar International, in the next three months, group Chief Financial Officer Jugeshinder Singh said. "We are currently studying whether to keep or divest Wilmar stake," Singh said on the sidelines of an event in Mumbai. The Gautam Adani-led group holds a 44% stake in the fast-moving consumer goods JV and has been considering a potential sale of its stake for a few months, Bloomberg News reported in August, adding that the billionaire and his family may retain a minority stake in a personal capacity.

Adani Wilmar posted a loss for a second consecutive quarter in November.