Shocking move by Gautam Adani, group fully exits…, sells Rs 37320000000 shares in this company due to…
The Adani Group on Friday fully exited AWL Agri Business (formerly Adani Wilmar) by offloading its remaining 10.42% stake through open market transactions, raising ₹3,732 crore, as per data available on the BSE.
Adani Commodities LLP (ACL), a subsidiary of Adani Enterprises, offloaded a total of 13,54,82,400 equity shares in 11 tranches on Friday, amounting to a 10.42 per cent stake in AWL Agri Business, as per the block deal data on the BSE.
The transaction was valued at around Rs 3,732.54 crore and executed at an average price of Rs 275.50 apiece. Who Bought AWL Agri Business?
Meanwhile, Dubai-based Shajaeatan Investment FZCO purchased a little over 11.07 crore equity shares or 8.52 per cent in AWL Agri Business for Rs 3,049.99 crore.
Quant Mutual Fund (MF), IDFC MF, Bandhan MF, Jupiter Fund Management, Morgan Stanley Asia Singapore, US-based Susquehanna International Group, Franklin Templeton, Vanguard, and Singapore-based Duro Capital were among the buyers of AWL Agri Business shares on the BSE. Adani Group On Exit From AWL Agri Business
On Thursday, billionaire Gautam Adani-promoted Adani Group said it has sold a 20 per cent stake in AWL Agri Business to Wilmar International Singapore for Rs 7,150 crore, as part of its decision to exit the FMCG business and focus on the infrastructure vertical.
In January, ACL had already sold a 13.51 per cent stake in AWL through the offer for sale route, generating Rs 4,855 crore.AWL Agri Business sells edible oil and other food products under Fortune brand.
In December last year, Adani Group had announced divestment of its entire 44 per cent stake in AWL to sharpen its focus on core infrastructure businesses.
During the 2024-25 fiscal, AWL Agri Business Ltd had posted a net profit of Rs 1,225.81 crore on a total income of Rs 63,910.28 crore.
(With Inputs From PTI)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
11 minutes ago
- Indian Express
Savy Infra and Logistics IPO subscription opens on July 21. Check price band, allotment date and more
Savy Infra and Logistics IPO: The three-day subscription for the initial public offering (IPO) of Savy Infra and Logistics Limited will open on Monday, July 21. The Savy Infra and Logistics IPO subscription will close on Wednesday, July 23. According to PTI, the IPO is entirely a fresh issue of up to 58.32 lakh equity shares. The net proceeds from the public issue worth Rs 49 crore will be utilised for funding working capital requirements and a balance for general corporate purposes. Savy Infra and Logistics Limited has fixed the price band at Rs 114 to Rs 120 per equity share. Maashitla Securities Private Limited is the registrar for Savy Infra and Logistics IPO. The face value and tick size of Savy Infra and Logistics IPO is Rs 10 and Re 1, respectively. According to the details available, the Savy Infra and Logistics IPO will be finalised on July 24. Savy Infra and Logistics Limited's shares are proposed to be listed on NSE Emerge. The listing will likely to take place on July 28. Unistone Capital Private Limited is the book-running lead manager for the Savy Infra and Logistics IPO. HDFC Bank Limited is the sponsor bank for the Savy Infra and Logistics IPO. Savy Infra and Logistics is engaged in the business of engineering, procurement, and construction (EPC) and logistics, with a focus on infrastructure projects. The company also offers logistics services through an asset-light model by renting trucks and drivers. In FY25, the company reported revenue from operations of Rs 283.39 crore and profit after tax of Rs 23.88 crore, report PTI.
News18
11 minutes ago
- News18
Signature Global to launch homes worth Rs 6k cr in Gurugram in Jul-Sep: Chairman
Last Updated: New Delhi, Jul 20 (PTI) Realty firm Signature Global plans to launch homes worth Rs 6,000 crore for sale in Gurugram in the current quarter to cater to the demand from end-users and investors. Signature Global was the fifth-largest listed real estate firm in 2024-25, in terms of sales bookings, falling behind Godrej Properties, DLF, Lodha Group and Prestige Estates Projects Ltd. The company had clocked record pre-sales of Rs 10,290 crore last fiscal. In an interview with PTI, Signature Global Chairman Pradeep Kumar Aggarwal said the company launched one housing project in Gurugram during the June quarter with total revenue potential of around Rs 3,500 crore. 'We are planning to launch 3.5-4 million square feet in the current quarter. The total sales potential would be around Rs 6,000 crore," he said. Aggarwal said the demand continues to be strong, especially for good brands. 'The maximum demand is in the Rs 2-4 crore category," he observed. Recently, on the sidelines of a real estate conference, Aggarwal asserted that there was no bubble in the Gurugram housing market and ruled out any price crash. Aggarwal remains confident of achieving its target to sell Rs 12,500 crore worth of homes this fiscal, even as its pre-sales dipped 15 per cent in the June quarter. The company sold 778 homes in April-June 2025 against 968 units a year ago. In terms of volumes, pre-sales dipped 20 per cent to 16 lakh square feet. During the June quarter, the average sales realisation stood at Rs 16,296 per sq ft compared to Rs 12,457 per sq ft in the last fiscal. To expand business and refinance debt, Signature Global is also looking to raise Rs 875 crore through the issue of non-convertible debentures. It posted a net profit of Rs 101.2 crore in the last fiscal, a sharp jump from Rs 16.32 crore in the preceding year. Its total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in 2023-24. Signature Global has delivered 14.6 million sq ft of real estate so far. Another 10.4 million square feet is under construction. PTI MJH BAL BAL view comments First Published: July 20, 2025, 15:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
24 minutes ago
- Time of India
MCD to roll out first of three biogas plants, boosting urban waste management
New Delhi: Municipal Corporation of Delhi's (MCD) first compressed biogas plant to process dairy waste is set to become fully operational next month in the Nangli area of south-west Delhi. Officials have indicated that chief minister Rekha Gupta is expected to inaugurate the facility on Aug 15. This plant is the first of three proposed biogas facilities aimed at processing dairy waste, with additional installations planned at Goyla Dairy and Ghogha Dairy. Together, the three plants will process 600 metric tonnes (MT) of cattle waste daily. "These projects are designed to address the challenge of unauthorised dairy operations and promote the scientific disposal of cattle dung, which currently ends up in drains or landfill sites," an MCD official said. Each plant, built at an estimated cost of Rs 16 crore, will process up to 200 MT of cattle dung per day. The biogas generated will be converted into CNG, reducing dependence on fossil fuels, while the byproduct — organic manure — will be used in MCD's horticulture operations. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi MCD Standing Committee chairperson Satya Sharma noted that CM Rekha Gupta has called for urgent steps to help clean the River Yamuna. "There are around 1,500 dairies in the Nangli and Goyla areas. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Launch at Godrej Sector 12 | Luxurious 3 BHK + S & 4 BHK Homes @₹2.90 Cr* Godrej Majesty Learn More Undo These dairies discharge a substantial amount of dung, much of which flows into the Najafgarh Drain, a direct tributary of the Yamuna. The new plants will significantly reduce this source of pollution," she said. Meanwhile, MCD is also working to set up three decentralised biomethanation plants to treat 750 MT of organic waste daily. One such facility, located in Ghogha, northwest Delhi, is also scheduled to become operational next month. The plant will process 100 MT of waste per day and is being established by Indraprastha Gas Limited (IGL) under a memorandum of understanding (MoU) with the civic body. "About 95% of the work is complete, and we expect to inaugurate the plant in Aug\," MCD report stated. The second major facility — a bio-CNG plant at Okhla with a capacity to process 300 MT of waste per day — is being developed over seven acres. Although initially slated for completion in July 2024, the project is only 45% complete due to delays. The concessionaire has requested additional land to expand the capacity to 500 TPD. The ministry of housing and urban affairs (MoHUA) is currently working with IIT Delhi to assess the land requirements. The revised completion target is Dec 2025. The third plant — a compressed biogas facility at Ghazipur — will process 350 MT of wet waste daily. Also being developed by IGL, the MoU for this project was signed on Nov 26, 2024. The land use change was formally notified by MoHUA on June 30, 2025, and construction is expected to begin by Oct 15. The project is targeted for commissioning by Dec 2026.
