food giant Wilmar International Ltd. will continue to support its joint venture with India’s underfire The Adani Group said a report by short seller Hindenburg Research did not identify any specific issues at the unit.
The day-to-day business of Adani Wilmar Ltd. is managed by an independent team of professional managers and the board is led by an independent director, Singapore-based company Wilmar said in an emailed response to questions from Bloomberg News. In running the company, Wilmar brings expertise in commodities and consumer products, while Adani provides local logistical and regulatory support, the company said on Tuesday.
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