Did Adani Enterprises Ltd Sell a 20% Stake in AWL Agri Business to Wilmar for Rs 7,150 Crore?
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Synopsis
In a strategic move, Adani Enterprises Ltd has agreed to sell a significant stake in AWL Agri Business to Wilmar International. This transaction is expected to reshape the dynamics of the FMCG sector, as Wilmar takes a majority position in AWL with ambitious growth plans.
Key Takeaways
- Adani Enterprises has sold a 20% stake in AWL Agri Business to Wilmar.
- Wilmar will become the majority shareholder with 64% ownership.
- This divestment is part of Adani's strategy to exit the FMCG sector.
- AWL Agri Business reported record revenue growth driven by edible oil.
- The share sale is aimed at increasing public ownership.
Ahmedabad, July 17 (NationPress) – Adani Enterprises Ltd (AEL) announced on Thursday that it has finalized a deal to transfer a 20% stake in AWL Agri Business Ltd. to Wilmar International's subsidiary, Lence Pte Ltd, at a price of Rs 275 per share, resulting in a total transaction value of Rs 7,150 crore.
With this transaction, Wilmar will become the majority stakeholder, holding 64% of AWL.
Adani Commodities LLP (ACL), a division of AEL, currently possesses 30.42% of AWL.
This sale represents a significant step in Adani's strategy to divest its entire 44% stake in AWL and ultimately exit the FMCG joint venture.
In December 2024, ACL and Lence Pte. Ltd. had established an agreement that allowed them to buy or sell shares of AEL/ACL in AWL (Adani Wilmar Limited) later, at a mutually agreed price, capped at Rs 305 per share. Together, they held 88% of the company (with 44% each).
In January 2025, AEL/ACL divested 13.5% of its shareholding in AWL for Rs 276.51 per share, generating Rs 4,855 crore. This move aimed to increase public ownership of the company's shares to meet minimum public shareholding regulations.
Post-sale, ACL/AEL will maintain approximately 30.42% ownership in AWL. Of this, between 11% and 20% will now be sold to Lence, while the remainder will be offered to strategic partners and investors introduced by Wilmar.
The remaining 10.42% stake currently held by Adani Commodities will be sold to pre-identified investors before finalizing the transaction with Lence.
Upon completion of all transactions, Adani Commodities will completely exit AWL, which will cease to be an associate of Adani Enterprises.
On Thursday, AWL's stock traded at Rs 277.7 per share, marking an increase of Rs 15.2 or 5.7%.
Furthermore, AWL Agri Business reported record Q1 revenue of Rs 17,059 crore for FY26, reflecting a 21% increase from the corresponding quarter last year. This growth was primarily propelled by the edible oil segment, which surged 26% year-on-year, contributing Rs 13,415 crore, accounting for 78.6% of total revenue and 61% of the overall volume mix.
Point of View
I observe that Adani Enterprises Ltd's decision to divest a substantial stake in AWL Agri Business reflects a pivotal shift in strategic priorities. This move not only aligns with regulatory requirements but also demonstrates the evolving landscape of the FMCG sector, which will continue to influence market dynamics.
NationPress
17/07/2025
Frequently Asked Questions
What is the value of the stake sold by Adani Enterprises in AWL Agri Business?
Adani Enterprises Ltd sold a 20% stake in AWL Agri Business for Rs 7,150 crore.
Who is acquiring the stake in AWL Agri Business?
The stake is being acquired by Wilmar International's subsidiary, Lence Pte Ltd.
What percentage of AWL will Wilmar hold after this transaction?
After the transaction, Wilmar will hold 64% of AWL.
How does this sale fit into Adani's overall strategy?
This sale is part of Adani's strategy to divest its entire 44% stake in AWL and exit the FMCG joint venture.
What recent financial performance has AWL Agri Business reported?
AWL Agri Business reported its highest-ever Q1 revenue at Rs 17,059 crore for FY26, up 21% from the previous year.
