Adani Enterprises arm completes sale of 13% stake worth Rs 4,646 cr in AWL to Wilmar subsidiary

Adani Enterprises on Wednesday announced the completion of its stake in AWL Agri Business, where the company’s subsidiary Adani Commodities LLP (ACL) sold a 13% stake in AWL to Lence, a wholly owned subsidiary of Wilmar International Limited, in an off-market transaction worth Rs 4,646 crore.Adani Enterprises had on July 17, 2025, informed the stock exchanges about the share purchase agreement (SPA) under which ACL agreed to sell while Lence agreed to buy not less than 14.30 crore shares, representing 11% of the issued and paid-up share capital of AWL Agri Business Limited. The maximum limit was 25.99 crore shares representing up to 20% paid up share capital of AWL.

ACL now owns 7% of the issued and paid up share capital of AWL, while Lence owns 56.94% of the issued and paid up share capital of AWL.

The 13% stake purchased included over 6.9 crore shares that changed hands at a price of Rs 275 per share.

In its filing with the stock exchanges, Adani Enterprises said the company, ACL, AWL and Lence have signed a termination agreement for the termination of the shareholders’ agreement.

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Under the share purchase agreement, Adani Commodities had on July 18 sold 13,54,82,400 equity shares, representing 10.42% of the issued and paid-up share capital of AWL, through a block deal on the trading floor. Accordingly, ACL’s shareholding in AWL was revised to 25,99,35,721 shares, constituting 20% ​​of the issued and paid-up share capital of AWL.

Shares of Adani Enterprises ended at Rs 2,431 on the NSE today, down Rs 5.80 or 0.24% from Tuesday’s closing price, while those of AWL Agri Business closed with a gain of 2.4% at Rs 275.60.

AWL Agri is an FMCG company offering a diverse portfolio of kitchen essentials including edible oils, wheat flour, rice, pulses and sugar. The company has its flagship brand ‘Fortune’, which it says is sold to 123 million households. It has over 70 manufacturing units, including India’s largest integrated food complex at Gohana in Haryana and the largest port refinery at Mundra in Gujarat. AWL ensures seamless production and distribution.

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