Adani to sell up to 20% stake in Wilmar joint venture

India’s Adani Group said on Thursday it plans to sell a stake of up to 20% in Adani Wilmar to the public, as the conglomerate looks to comply with minimum public shareholding rules amid plans to exit the consumer goods company.

Adani, which holds a nearly 44% stake in the joint venture with Singapore’s Wilmar International, will sell up to 13.5% to the public in an offer for sale…