Adani Group sells 20% stake in AWL Agri Enterprise to Wilmar in Rs 7,150 crore deal
Following the big deal, the inventory rallied over 8% to day’s excessive of Rs 283.85 on BSE. At this time’s stake sale is a part of Adani Group’s plan to exit the FMCG enterprise.
Earlier in January this yr, Adani had offered 13.5% stake in an Supply for Sale (OFS) at Rs 275 per share in Rs 4,850 crore deal.
Wilmar Worldwide will substitute Adani as majority shareholder in AWL Agri Enterprise Restricted, with about 64% stake. Following at the moment’s stake sale, Adani’s stake within the firm will fall right down to about 11%.
Final yr in late December, Adani had introduced its exit from the corporate which makes Fortune model cooking oil, wheat flour and different meals merchandise. Subsequently, Adani Wilmar’s identify was modified to AWL Agri Enterprise.
Adani Group plans to make use of proceeds from the sale to turbocharge its investments within the core infrastructure platforms in vitality & utility, transport & logistics, and different adjacencies in major business.The choice to promote 20% stake was taken at a board assembly of Adani Enterprises in the course of the day after which the deal was executed within the afternoon.Additionally Learn: AWL Agri Enterprise shares surge over 6% on report Q1 income
“Pursuant to completion of the transactions above, ACL (Adani Commodities LLP) would fully exit AWL and consequently, AWL will stop to be the affiliate firm of ACL and stop to be the affiliate of the Firm,” Adani Enterprises stated in a regulatory submitting.
“The aforesaid transactions shall end in a money realization of Rs 10,874 crore in ACL. As well as, Rs 4,855 crore have already been realized by ACL via the supply on the market undertaken in January 2025, leading to a complete realization of Rs 15,729 crores for ACL,” it stated.
ACL is a wholly-owned subsidiary of Adani Enterprises Ltd.
