Adani Enterprises exits AWL Agri Business, sells remaining 10.4% stake
This story was originally published at 22:42 IST on 18 July 2025
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MUMBAI – Adani Enterprises Ltd. has exited AWL Agri Business Ltd., earlier known as Adani Wilmar Ltd., by selling its remaining 10.4% stake in the company through block deals on the BSE. Adani Enterprises sold 135.48 million shares, held by its subsidiary Adani Commodities LLP, Friday at INR 275.50 per share, aggregating to INR 37.33 billion, data from the exchange showed.
Adani Commodities LLP had sold 20% stake in AWL Agri Business Thursday to Wilmar International, Singapore, at a transaction price of INR 275 per share, the company had said in an earlier exchange filing. Prior to these transactions, Adani Commodities, promoter of AWL Agri Business, held 30.4% stake in the joint venture with Wilmar International.
Following these two sets of transactions, AWL Agri Business will no longer be classified as an "associate" of Adani Enterprises, the company had said in an earlier exchange filing.
In December, Adani Commodities and Lence Pte. Ltd., a subsidiary of Wilmar International, had entered into an agreement giving each other the option to buy or sell Adani Enterprises or Adani Commodities shares in Adani Wilmar Ltd. at a mutually agreed price not more than INR 305 per share. Each subsidiary held 44% in the company at the time, taking their joint stake to 88%. In January, the Adanis offloaded 13.5% of their shareholding in AWL Agri Business at INR 276.51 per share, earning INR 48.55 billion, mainly to meet the 25% minimum public shareholding norm.
For the June quarter, AWL Agri Business reported a consolidated net profit of INR 2.36 billion on a revenue of INR 170.59 billion. Friday, shares of the company closed 1.4% lower at INR 274.55 on the National Stock Exchange. Shares of Adani Enterprises closed 0.8% lower at INR 2,596.10. End
Reported by Arya S. Biju
Edited by Rajeev Pai
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