Adani Group sells 20% stake in Adani Wilmar for ₹7,150 crore
Adani had in December announced divestment of its entire 44% stake in Adani Wilmar in order to sharpen its focus on core infrastructure businesses.
Adani Commodities LLP (ACL), subsidiary of Adani Enterprises Limited (AEL), and Lence Pte Limited, 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 ₹305 per share. The two together held around 88% in the company (44% each).
In January 2025, AEL/ACL sold 13.5% of its shareholding in AWL at ₹276.51 per share. This was done so that more of the company's shares are owned by the public, as required by minimum public shareholding requirements.
After this sale, ACL/AEL owned about 30.42% of AWL. Now, Adani Group has sold a 20% stake in AWL Agri Business to Singapore-based Wilmar International at ₹275 per share in a ₹7,150 crore deal. The stake sale is part of Adani Group's plan to exit the FMCG business.
Following the latest transaction, Wilmar International will become the majority shareholder in AWL Agri with a 64% holding, overtaking Adani.
Adani Enterprises announces second public NCD issue worth up to ₹1,000 crore
Adani Enterprises Limited in a stock exchange filing said it, ACL and Lence have entered into a share purchase agreement (SPA), under which "Lence has agreed to purchase, and ACL has agreed to sell up to a maximum of 25,99,35,721 equity shares representing up to 20% of the issued and paid-up equity share capital of AWL Agri Business Limited (formerly known as Adani Wilmar Limited) held by ACL and not less than 14,29,64,647 equity shares representing 11% of the issued and paid-up equity share capital of the AWL, at a price per sale share of an amount of ₹275."
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