Adani Enterprises sells 20% stake in AWL Agri to Wilmar International; check details

This will make Wilmar International a major shareholder, raising its stake to approximately 64% in the fast-moving consumer goods (FMCG) major.

"Pursuant to completion of the transactions above, ACL would completely exit AWL and consequently, AWL will cease to be the associate company of ACL and cease to be the associate of the Company," Adani said in a regulatory filing.

The transactions shall result in a cash realisation of ₹10,874 crore in Adani Commodities. “In addition, ₹4,855 crore has already been realised by ACL through the offer for sale undertaken in January 2025 (as indicated in paragraph 2 above), resulting in a total realisation of ₹15,729 crore for ACL,” the statement added.

ACL is a wholly-owned subsidiary of Adani Enterprises.

Adani Group plans to use proceeds from the sale to turbocharge its investments in the core infrastructure platforms in energy & utility, transport & logistics, and other adjacencies in primary industry.

"The number of Sale Shares that shall be purchased by Lence shall be determined by Lence in its absolute discretion, which shall not exceed 20% but shall not be less than 11% of the issued and paid-up equity share capital of AWL," the company further said.

Previously, in January this year, Adani Commodities (ACL) had sold 175,601,314 equity shares, representing 13.51% of the existing paid-up equity share capital of AWL, through an offer for sale (OFS) process at the price of ₹276.51 per equity share.

Following the announcement, shares of AWL Agri Business zoomed 6.48% to ₹279.35 apiece on the National Stock Exchange.

In December 2024, Adani Enterprises exited from Adani Wilmar Ltd, raising an estimated $2 billion in the process. Following this, Adani Wilmar's name was changed to AWL Agri Business.