Latest news with #GautamAdani
India.com
3 days ago
- Business
- India.com
Shocking move by Gautam Adani, group fully exits…, sells Rs 37320000000 shares in this company due to…
Gautam Adani (File) 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 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)
Economic Times
4 days ago
- Business
- Economic Times
Rs 40,000 crore dividend boom! How Ambani, Adani & India's top billionaires got richer in FY25
Agencies Reliance Industries' Chairman Mukesh Ambani (left); Adani Group Chairman Gautam Adani (right) Some of India's richest billionaires became even richer in FY25, not through stock rallies or IPO windfalls, but through cold, hard cash. Ten of the country's most powerful promoter groups, including the Ambanis, Adanis, and Anil Agarwal's Vedanta, collectively earned over ₹40,000 crore in dividends during the a sign of India Inc's robust cash generation and generous payout policies, dividend income surged across sectors, from tech and telecom to metals and pharma. Billionaire philanthropist Shiv Nadar, founder of HCL Technologies, took home a jaw-dropping ₹9,902 crore in dividends in FY25, the highest among all promoter groups, according to data collated from regulatory filings and ACE which declared a dividend of ₹60 per share, paid out ₹16,290 crore in total. The Nadar family holds a 60.81% stake in the company. At a net worth of $37.3 billion, the 80-year-old tech magnate is India's third richest man and ranks 50th in the global Bloomberg Billionaires Index. Close behind in the payout list is Vedanta's Anil Agarwal, whose family earned ₹9,591 crore in dividend income during the year. Vedanta, which declared ₹17,009 crore in total dividends for FY25, has been under scrutiny for its aggressive cash returns, with short-seller Viceroy recently questioning the sustainability of such payouts. The Agarwal family holds 56.38% in the company through various unlisted holding entities. Also Read | $4 billion question: If promoters are selling, MFs are buying, should SIP investors worry? Azim Premji, the philanthropic billionaire and founder of Wipro, earned ₹4,570 crore in FY25. His family owns 72.66% of the company, which declared a dividend of ₹6 per Ambani family earned Rs 3,655 crore from Reliance Industries' dividend payout in FY25. Reliance Industries paid dividends worth Rs 7,443 crore, with the Ambani family owning 50.11 per cent directly as well as through unlisted holding companies. The family received Rs 5.50 per share in dividends. Also Read | Reliance Industries shares at inflection point. 6 reasons why FY26 could be the year of big re-rating Infosys promoters, including N R Narayana Murthy, Nandan Nilekani, S D Shibulal, S Gopalakrishnan, and K Dinesh, collectively received ₹2,331 crore in dividends. The promoter group owns 14.6% in the tech giant, which declared ₹17,854 crore in dividends at ₹43/share in FY25. Sunil Bharti Mittal and family, the promoters of Bharti Airtel, pocketed ₹2,357 crore in dividend income, as the telecom major paid out ₹16/share to investors. Dilip Shanghvi, India's original pharma billionaire, earned ₹2,091 crore from Sun Pharma in FY25. The company declared ₹3,839 crore in dividends and the promoter group holds a 54.48% stake. Gautam Adani and family earned ₹1,460 crore in dividends from their group companies, led by Adani Ports & SEZ (₹996 crore), with the rest coming from Ambuja Cements, Adani Enterprises, Adani Total Gas, and ACC. Bajaj Group promoters earned around ₹1,645 crore in FY25, led by Bajaj Auto, which had the most generous per-share payout of ₹210. The family also benefited from dividends across other listed group companies Bajaj Holdings & Investments, Bajaj Finserv, Bajaj Electricals, Mukand, and Bajaj Finance. A surprise entrant in the dividend heavyweights' club was M A Moopen, promoter of Aster DM Healthcare, who earned ₹2,469 crore in FY25. With a 41.89% holding and a ₹118/share dividend, Aster turned out to be one of the year's most generous cash givers in the healthcare space. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
India.com
4 days ago
- Business
- India.com
Gautam Adani's BIG move, begins exit from FMCG venture, sells major stake in AWL Agri Business in deal worth Rs 71500000000 to...
Gautam Adani (File) Adani Enterprises Ltd (AEL) announced on Thursday that it has agreed to sell a 20 per cent stake in AWL Agri Business Ltd to Lence Pte Ltd, a part of Wilmar International. The deal is priced at Rs. 275 per share, and the total value of the sale is Rs. 7,150 crore. With this move, Wilmar will now become the majority owner of AWL, holding 64 per cent of the company. Right now, Adani Commodities LLP, a unit of AEL, owns 30.42 per cent of AWL. This sale is part of Adani's ongoing plan to sell its entire 44 per cent stake in AWL and exit the FMCG (fast-moving consumer goods) business that it had jointly run with Wilmar. Agreement between Adani Commodities LLP and Lence Pte. Ltd In December 2024, Adani Commodities LLP (ACL) and Lence Pte. Ltd, a part of Wilmar International from Singapore, signed an agreement. As part of this deal, both sides gave each other the option to buy or sell Adani's shares in Adani Wilmar Limited (AWL) at a later date. They agreed on a price cap of Rs. 305 per share. At that time, both companies owned 44 per cent each in AWL, together holding 88 per cent of the company. In January 2025, Adani sold 13.5 per cent of its shares in AWL for Rs. 276.51 per share, raising Rs. 4,855 crore. This was done to follow rules that require more of the company's shares to be held by the public. After that sale, Adani still held around 30.42 per cent in AWL. Now, out of this, Adani plans to sell 11 per cent to 20 per cent to Lence. The rest will be offered to strategic partners and investors that Wilmar brings in. The final 10.42 per cent of Adani's stake will also be sold to selected investors before the deal with Lence is finished. Once all these sales are done, Adani will completely exit AWL. That means AWL will no longer be linked to Adani Enterprises in any official way. (With IANS inputs)
Business Upturn
4 days ago
- Business
- Business Upturn
Promoter Adani to sell 20% stake in AWL Agri Business to Wilmar for Rs 7,148 crore
Adani Enterprises Limited (AEL) on July 17 announced it has signed a share purchase agreement (SPA) with Lence Pte. Ltd., a wholly-owned subsidiary of Wilmar International, to sell up to 20% stake in AWL Agri Business Limited (formerly Adani Wilmar Limited) as part of its complete exit from the joint venture. AEL, through its wholly-owned subsidiary Adani Commodities LLP (ACL), will sell between 11% and 20% of AWL's equity shares to Lence at a fixed price of ₹275 per share, amounting to a maximum consideration of about ₹7,148 crore. Lence has full discretion to determine the final stake acquired within the specified range. This move comes after Adani Enterprises already began exiting its stake earlier this year. In January 2025, billionaire Gautam Adani's conglomerate raised ₹4,850 crore through an Offer for Sale (OFS) of a 13.5% stake in Adani Wilmar. The OFS involved selling 17.54 crore shares at a floor price of ₹275 apiece, completed in two tranches on January 10 and January 13 for non-retail and retail investors, respectively. Following the January sale, ACL's holding came down to 30.42%. With the new SPA and subsequent planned transactions, Adani Enterprises will fully exit AWL, realizing an estimated total cash inflow of around ₹15,729 crore, including the earlier OFS proceeds. The SPA is subject to customary conditions, including regulatory and anti-trust approvals, and upon completion, the shareholder and inter-se agreements between Adani and Wilmar will be terminated. This announcement also comes shortly after AWL Agri Business Ltd (formerly Adani Wilmar) reported its Q1 FY26 results earlier this week. The company recorded its highest-ever quarterly revenue at ₹17,059 crore, up 21% YoY, driven primarily by strong realizations in the edible oil segment. However, despite the revenue growth, net profit declined 24% YoY to ₹237.95 crore, down from ₹313.20 crore a year ago. Segment-wise, edible oil revenue rose 26% YoY to ₹13,415 crore despite a 4% drop in volumes, while food and FMCG revenue fell 8% YoY to ₹1,414 crore due to operational challenges. The industry essentials segment contributed ₹2,230 crore, up from ₹1,986 crore last year. According to brokerage Nuvama, while the revenue growth was strong, EBITDA fell sharply by 41% YoY due to high input costs, with gross margins contracting 340 bps to 9.4% and EBITDA margin narrowing by 222 bps YoY to 2.1%. A commodity derivative gain of ₹150 crore helped mitigate some of the margin pressure. The complete exit from AWL marks the end of Adani Enterprises' partnership with Wilmar in the edible oil and food business after more than two decades, freeing up capital for other strategic initiatives. Ahmedabad Plane Crash
India.com
5 days ago
- Business
- India.com
Masterstroke by Gautam Adani, revives THIS power plant after acquiring it from..., Power Supply to grid begins after…
Gautam Adani set to buy one more company, to pay Rs 125000000000 crore for THIS bankrupt business group, company is... New Delhi: In a major development, Gautam Adani-led Adani Power has made the long-dead 600 MW Butibori power plant active. This comes days after the company acquired it from Reliance's Vidarbha Industries Power Limited (VIPL) for Rs 4,000 crore in July 2025. It is important to note that the 2×300 MW plant has been shut since 2019, its systems rusted and licenses expired. After VIPL's financial collapse and admission to NCLT in 2023, hopes for the plant's revival seemed bleak. However, Adani's swift intervention has taken the power sector by surprise. When a crack revival team was dispatched to Butibori from across Adani's power units, they discovered corroded machinery, deteriorated systems, and a complete absence of experienced staff, most of whom had left during the plant's five-year shutdown. Despite all these, the engineers from the Adani Group worked relentlessly and made the plant active. According to the reports, critical spares were flown in, specialized repairs carried out, and a flurry of activity ensured that all licenses, permits, and statutory approvals were renewed in record time. The plant is now feeding power into the national grid, though not yet at full capacity. Experts are of the opinion that the heavy lifting isn't over yet. 'Decades-old systems need modern upgrades. The focus now shifts to automation and boosting efficiency,' said a source familiar with the operations to The Live Nagpur.
