The Adani Group is ready to totally exit AWL Agri Enterprise (previously Adani Wilmar Ltd) by promoting its whole stake to its three way partnership companion, Wilmar Worldwide of Singapore, for Rs 10,874 crore. This marks the top of considered one of India’s longest-running joint ventures, which started in 1999.
Wilmar’s stake within the firm will now enhance from 44 per cent to 64 per cent, making it the bulk shareholder and bringing Adani’s involvement within the consumer-focused agri enterprise to a detailed.
Presently, Adani Commodities — a unit of Adani Enterprises — holds 30.42 per cent in AWL Agri. It’ll promote 20 per cent of this to Wilmar’s Singapore-based subsidiary, Lence, at Rs 275 per share, amounting to Rs 7,150 crore. The remaining 10.42 per cent can be offered to a bunch of pre-identified traders, though Adani has not disclosed their identities.
Adani had earlier acknowledged, in December 2024, its intent to promote its full 44 per cent stake within the three way partnership to refocus on its core infrastructure companies.
As a part of the settlement introduced Thursday, Adani Commodities LLP (ACL) and Lence Pte Ltd confirmed that Lence will buy as much as 259.9 million fairness shares — representing 20 per cent of AWL Agri — from ACL.
In January 2025, Adani had already offered 13.5 per cent of its AWL stake by way of an Supply for Sale (OFS) at Rs 275 per share, to assist meet regulatory norms on minimal public shareholding. That decreased its holding to 30.42 per cent.
The Adani-Wilmar three way partnership initially had each events holding 44 per cent every. Beneath a previous settlement signed in December 2024, they’d additionally granted one another choices to purchase or promote shares at a mutually agreed worth, capped at Rs 305 per share.
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With this transaction, Wilmar Worldwide turns into the only controlling shareholder of AWL Agri with a 64 per cent stake, finishing Adani’s strategic exit from the FMCG house.
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