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Key Points

Adani has sold a 20% stake in AWL Agri Business to Wilmar International for Rs 7,150 crore. The deal was executed at Rs 275 per share, reducing Adani's holding to 30.42%. Wilmar will now become the majority shareholder with a 65% stake. The sale ensures compliance with regulatory public shareholding norms.

Key Points: Adani Sells 20% AWL Stake to Wilmar for Rs 7,150 Crore

  • Adani sells 20% AWL stake at Rs 275 per share
  • Deal valued at Rs 7,150 crore
  • Wilmar to become majority shareholder with 65% stake
  • Sale ensures compliance with public shareholding norms
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Adani executes Rs 7,150 cr deal for 20% stake sale of AWL Agri Business to Wilmar International

Adani offloads 20% stake in AWL Agri Business to Wilmar International for Rs 7,150 crore, reducing its holding to 30.42%.

"Upon consummation of the Transaction, the parties have inter alia agreed to terminate the existing shareholders' agreement and the inter-se agreement. – Stock Exchange Filing"

Ahmedabad, July 17

Adani has executed the sale of a 20 per cent stake in AWL Agri Business Limited to Wilmar International, Singapore, with the deal size valued at Rs 7,150 crore, according to a stock exchange filing by Adani Enterprises.

The stake sale was executed at Rs 275 per share.

In December 2024, Adani Commodities LLP (ACL), subsidiary of Adani Enterprises Ltd and Lence Pte. Ltd., subsidiary of Wilmar International, Singapore entered into an agreement. They gave each other the option to buy or sell AEL/ACL's shares in AWL (Adani Wilmar Limited) later, at a price they both agree on, but not more than Rs 305 per share. The two together held 88 per cent in the company (44 per cent each).

In January 2025, AEL/ACL sold 13.5 per cent of its shareholding in AWL at Rs 276.51 per share.

This was done to ensure that a greater proportion of the company's shares are held by the public, in accordance with regulatory norms that mandate a minimum of 25 per cent public shareholding.

After this sale, ACL/AEL owned about 30.42 per cent of AWL. Wilmar International to replace Adani as majority shareholder in AWL Agri Business Limited, with a 65 per cent stake.

"Upon consummation of the Transaction, the parties have inter alia agreed to terminate the existing shareholders' agreement and the inter-se agreement," the stock exchange filing read.

- ANI

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Reader Comments

S
Sarah B
As an investor, I'm concerned about Adani reducing stake in profitable ventures. What does this mean for their long-term strategy? The ₹7,150 crore deal is huge but makes me wonder about future growth prospects.
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Priya S
Fortune brand ka future kya hoga ab? Wilmar ke haath mein majority stake aane se product quality aur prices par asar padega kya? As a regular consumer of Fortune oils, I'm curious 🤔
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Arjun K
₹275 per share seems fair valuation. Adani is strategically restructuring portfolio after Hindenburg episode. This deal shows foreign investors still have confidence in Indian agri-business sector.
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Nisha Z
While the financials look good, I hope this doesn't lead to job cuts or operational changes that affect local farmers and supply chain workers. Adani Wilmar employs thousands directly and indirectly.
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Karthik V
Singapore company taking majority stake in Indian agri-business makes me slightly uncomfortable. Hope government is monitoring such deals for food security aspects. At least Adani retains 30% stake.

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