Agri Business Limited: The name of this Adani company has changed, will it affect you too..

Gautam Adani: Adani Group has changed the name of its Fast Moving Consumer Group (FMCG) company to Adani Wilmar. In this regard, Adani Group said that it has taken approval from the shareholders to change the name of the company, after which the name of this company has been changed to Agri Business Limited.

Let us tell you that the purpose of this rebranding is to link the identity of the company with its core business activities and future growth prospects in the agri-business industry. At the same time, Adani Group has said that by changing the name of the company to Agri Business Limited, it will be clear that the company works in the agriculture and food sectors.

Agri-Business Limited

Adani Group company Agri Business Limited has started planning to expand its business along with changing the name of the company. According to the information, Agri Business Limited will focus on the production of food items used in the kitchen in the coming days.

The decision of Adani Group is believed to be taken after seeing the improvement in the income tax exemption taken by the government in the general budget, through which the company will meet the food demand. Apart from this, Adani Group will now invest a large amount in its expedition and for this, the income from the IPO brought in 2022 will be used.

Profit earned in the second quarter of FY24.

Earlier, Adani Enterprises canceled the plan to separate its food and FMCG business with Adani Wilmar in October 2024, citing compliance with minimum public shareholding (MPS).

At the same time, in the financial year 2023-24, Adani Wilmar suffered a loss in annual basis profit and net profit, but the company earned a profit of Rs 313 crore in the second quarter of FY24. Which is the biggest profit to date.

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