NEW DELHI, 17 JULY

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, according to a stock exchange filing.

Adani had in December announced divestment of its entire 44 per cent stake in Adani Wilmar in order to sharpen its focus on core infrastructure businesses.

Adani Commodities LLP (ACL), subsidiary of Adani Enterprises Ltd (AEL), and Lence Pte Ltd, 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 Rs 305 per share. The two together held around 88 per cent in the company.

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.

After this sale, ACL/AEL owned about 30.42 per cent of AWL.

Now, Adani Group has sold a 20 per cent stake in AWL Agri Business to Singapore-based Wilmar International at Rs 275 per share in a Rs 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 per cent holding, overtaking Adani. – PTI