Dec 31 (Reuters) - India's Adani Wilmar ADAW.NS fell over 6% in early trade on Tuesday, a day after the Adani Group said it would sell its entire 44% stake in the consumer goods company in a $2 billion deal to focus on strengthening its infrastructure businesses.
The group will sell a 31% stake in Adani Wilmar to its joint venture partner, Singapore's Wilmar International WLIL.SI, at a maximum of 305 rupees per share, which is a 7.2% discount to the stock's closing price on Monday.
Adani Wilmar's shares dropped 6.4% to 307.10 rupees in early trading.
The Adani group will sell the remaining 13% stake in the edible oil maker in the open market, it said.
(Reporting by Ashna Teresa Britto; Editing by Savio D'Souza)
((AshnaTeresa.Britto@thomsonreuters.com;))
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