Latest news with #AWL
Hans India
18-07-2025
- Business
- Hans India
Adani Ent sells 20% in AWL Agri for Rs 7,150 cr
Ahmedabad: Adani Enterprises Ltd (AEL) said on Thursday that it has signed an agreement to sell a 20 per cent stake in AWL Agri Business Ltd to Wilmar International's subsidiary, LencePte Ltd, for Rs275 per share, valuing the deal at Rs7,150 crore. Following this latest deal, Wilmar is set to become the majority shareholder, with a 64 per cent holding in Commodities LLP (ACL), a subsidiary of AEL, currently holds 30.42 per cent of AWL. The sale marks the next step in Adani's planned divestment of its entire 44 per cent stake in AWL and eventual exit from the FMCG joint venture. In December 2024, Adani Commodities LLP (ACL) and LencePte Ltd, a subsidiary of Wilmar International, Singapore, had 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 Rs305 per share. The two together held 88 per cent in the company (44% each). In January 2025, AEL/ACL sold 13.5 per cent of its shareholding in AWL at Rs276.51 per share, raising Rs4,855 crore. 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 per cent of AWL. Of this 30.42 per cent, between 11 per cent and 20 per cent will now be sold to Lence, and the balance will be offered to strategic partners and investors brought in by Wilmar. The remaining 10.42 per cent stake currently held by Adani Commodities will be sold to pre-identified investors before the transaction with Lence is completed. After all transactions are closed, Adani Commodities will fully exit AWL, which will no longer be an associate company of Adani Enterprises. AWLs stock was trading at Rs277.7 apiece on Thursday, up by Rs15.2 or 5.7 per cent. Meanwhile, AWL Agri Business reported its highest-ever Q1 revenue at Rs17,059 crore for FY26, up 21 per cent from the same quarter last fiscal. The growth was mainly driven by its edible oil business, which grew 26 per cent year-on-year. This segment contributed Rs13,415 crore, making up 78.6 per cent of total revenue and 61 per cent of the overall volume mix.
Time of India
18-07-2025
- Business
- Time of India
FMCG exit: Adani to get Rs 11,000cr for 30% JV stake
File photo MUMBAI: Adani Enterprises will divest its remaining 30.4% stake in AWL Agri Business to Wilmar International of Singapore and institutional investors for an estimated Rs 11,080 crore, marking its complete exit from one of its earliest business ventures established at the turn of the new millennium. Earlier in Jan, it divested about a 14% stake in AWL Agri Business (previously Adani Wilmar) for Rs 4,856 crore through the offer for sale (OFS) route, signalling its withdrawal from non-core infrastructure operations. The Ahmedabad-based Adani Group already disposed of its interests in Adani Capital, Adani Housing, and the Myanmar port project. On Thursday, AWL announced that Wilmar will buy Adani Enterprises' 20% stake in the Fortune edible oil and Kohinoor basmati rice maker for Rs 7,148 crore, raising its ownership to around 64% from the current 45%. Additionally, institutional investors will buy Adani Enterprises' remaining 10.42% stake for an estimated Rs 3,934 crore in a separate transaction. The share transfer price is set at Rs 275 per share for both Wilmar and institutional investors, compared to the Jan OFS price of Rs 276.5. During Thursday's trading, AWL shares on BSE rallied by over 8% to Rs 284 intraday, closing at Rs 278, up 6.1%. Following the completion of these transactions, subject to Wilmar securing anti-trust approvals, AWL will cease to be an associate company of Adani Enterprises. Adani Enterprises, the group's flagship company, intends to utilise the proceeds from the AWL divestment in airports, green hydrogen, roads, and copper operations, where it identifies significant growth potential. The company previously said that airports, rather than FMCG, will emerge as a 'full-blown consumer story'. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
17-07-2025
- Business
- News18
Adani sells 20 pc stake in Adani Wilmar for Rs 7,150 cr; to exit FMCG biz soon
New Delhi, Jul 17 (PTI) Adani Group has sold a 20 per cent stake in AWL Agri Business Ltd (formerly known as Adani Wilmar Ltd) 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. As per the regulatory filing on Thursday, Adani Commodities LLP (ACL), a subsidiary of Adani Enterprises, will soon sell the residual 10.42 stake in AWL Agri Business Ltd, leading to a complete exit from the FMCG business. 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. Adani Group is expecting over Rs 15,700 crore from complete divestment of its 44 per cent stake in AWL Agri Business, which 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. In a regulatory filing, Adani Enterprises informed that the Board has approved the execution of the share purchase agreement amongst itself, ACL and Lence (part of Wilmar Group). As per the agreement, ACL will sell up to 20 per cent stake in AWL Agri Business to Lence at Rs 275 per share, in a deal valued at Rs 7,150 crore. ACL, which currently has a 30.42 per cent stake in AWL Agri Business, will soon divest the remaining 10.42 per cent stake to investors. Adani Group and Singapore-based Wilmar Group together held around 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 so that more of the company's shares are owned by the public, as required by minimum public shareholding requirements. Following the latest transaction, Wilmar International will become the majority shareholder in AWL Agri Business with a 64 per cent holding, overtaking Adani. Adani Enterprises Ltd 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 259,935,721 equity shares representing up to 20 per cent of the issued and paid-up equity share capital of AWL Agri Business Ltd held by ACL and not less than 142,964,647 equity shares representing 11 per cent of the issued and paid-up equity share capital of the AWL, at a price per sale share of an amount of Rs 275." As per the filing, Adani Enterprises informed that Wilmar Group will rope in strategic investors if they decide to buy between 11 per cent and 20 per cent of the stake from ACL. 'The residual 10.42 per cent of the issued and paid-up equity share capital of AWL currently held by ACL will be sold to a set of pre-identified investors, prior to the consummation of the above transactions," Adani Enterprises said. Pursuant to the completion of these transactions, ACL would completely exit AWL. 'These transactions shall result in a cash realisation of Rs 10,874 crore in ACL. In addition, Rs 4,855 crore have already been realised by ACL through the offer for sale undertaken in January 2025, resulting in a total realisation of Rs 15,729 crore for ACL," the filing said. PTI MJH ANZ SHW view comments First Published: July 17, 2025, 21:30 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.
NDTV
17-07-2025
- Business
- NDTV
Adani Enterprises Sells 20% Stake In AWL Agri Business To Wilmar International
Ahmedabad: Adani Enterprises Ltd (AEL) said on Thursday that it has signed an agreement to sell a 20 per cent stake in AWL Agri Business Ltd. to Wilmar International's subsidiary, Lence Pte Ltd, for Rs 275 per share, valuing the deal at Rs 7,150 crore. Following this latest deal, Wilmar is set to become the majority shareholder, with a 64 per cent holding in AWL. Adani Commodities LLP (ACL), a subsidiary of AEL, currently holds 30.42 per cent of AWL. The sale marks the next step in Adani's planned divestment of its entire 44 per cent stake in AWL and eventual exit from the FMCG joint venture. In December 2024, Adani Commodities LLP (ACL) and Lence Pte. Ltd, a subsidiary of Wilmar International, Singapore, had 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, raising Rs 4,855 crore. 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 per cent of AWL. Of this 30.42 per cent, between 11 per cent and 20 per cent will now be sold to Lence, and the balance will be offered to strategic partners and investors brought in by Wilmar. The remaining 10.42 per cent stake currently held by Adani Commodities will be sold to pre-identified investors before the transaction with Lence is completed. After all transactions are closed, Adani Commodities will fully exit AWL, which will no longer be an associate company of Adani Enterprises. AWL's stock was trading at Rs 277.7 apiece on Thursday, up by Rs 15.2 or 5.7 per cent. Meanwhile, AWL Agri Business reported its highest-ever Q1 revenue at Rs 17,059 crore for FY26, up 21 per cent from the same quarter last fiscal. The growth was mainly driven by its edible oil business, which grew 26 per cent year-on-year. This segment contributed Rs 13,415 crore, making up 78.6 per cent of total revenue and 61 per cent of the overall volume mix.
The Hindu
17-07-2025
- Business
- The Hindu
Adani Group sells 20% stake in Adani Wilmar for ₹7,150 crore
Adani Group has sold a 20% stake in AWL Agri Business Limited (formerly known as Adani Wilmar Limited) to Wilmar International, Singapore, for ₹7,150 crore, according to a stock exchange filing. 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."
