** Shares of Adani Wilmar ADAW.NS fall 8.6% to 295.7 rupees, on track for their worst day in nearly two months, if losses hold

** Adani Group said on Thursday it plans to sell up to 20% stake in Adani Wilmar to the public

** Adani, which holds a nearly 44% stake in the joint venture with Singapore's Wilmar International WLIL.SI, will sell up to 13.5% to the public in an offer for sale beginning Jan 10, with an option to sell an additional 6.5%

** The sale shall take place over two trading days - Jan 10 and Jan 13

** Adani Group sets floor price at 275 rupees apiece, a ~15% discount to Thursday's closing price of 323.45 rupees - LSEG data

** Group to sell stake to focus on infrastructure business, while Singapore's Wilmar International WLIL.SI would acquire a maximum of 31.06% stake in ADAW

** Five analysts covering ADAW on avg have a "hold" rating; median PT is 385 rupees - LSEG data

** ADAW stock down 9% so far this week, on track to log its worst week in two months

(Reporting by Ashna Teresa Britto in Bengaluru)

((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))