Adani Enterprises to Divest Entire Stake in AWL to Wilmar for ₹10,874 Crore, Sells Initial 20% Stake
Adani Enterprises Limited (AEL) has signed an agreement to sell its entire stake in AWL Agri Business Limited to Wilmar International's subsidiary, Lence Pte. Ltd. The deal involves selling 11-20% of AWL's shares at ₹275 per share, valuing the transaction at up to ₹10,874 crore. Adani Group has already sold a 20% stake for ₹7,150 crore, making Wilmar the majority shareholder with 64% ownership. The total realization for Adani Commodities LLP is expected to be ₹15,729 crore, including previous sales. This move marks Adani's complete exit from AWL and the FMCG business.

*this image is generated using AI for illustrative purposes only.
Adani Enterprises Limited (AEL) has announced a significant move in its portfolio management, signing a share purchase agreement to sell its entire stake in AWL Agri Business Limited (formerly known as Adani Wilmar Limited) to Wilmar International Limited's wholly-owned subsidiary, Lence Pte. Ltd.
Deal Highlights
Aspect | Details |
---|---|
Stake Sale | Up to 20% stake in AWL |
Deal Value | ₹10,874.00 crore |
Price/Share | ₹275.00 |
Transaction Details
The deal involves Adani Commodities LLP (ACL), a wholly-owned subsidiary of Adani Enterprises, selling between 11% and 20% of AWL's issued and paid-up equity share capital to Lence. The final number of shares to be purchased will be determined by Lence, with a minimum of 142,964,647 shares (11%) and a maximum of 259,935,721 shares (20%).
In a recent development, Adani Group has sold a 20% stake in AWL Agri Business to Wilmar International for ₹7,150.00 crore at ₹275.00 per share. This sale is part of Adani's plan to exit the FMCG business. As a result of this transaction, Wilmar now becomes the majority shareholder with a 64% holding in AWL Agri.
Strategic Implications
Complete Exit: Post-transaction, ACL will completely exit AWL, which will cease to be an associate company of both ACL and Adani Enterprises.
Additional Share Sale: For any remaining shares between 11% and 20% not purchased by Lence, efforts will be made to bring in strategic partners or investors.
Residual Stake Disposal: The remaining 10.42% stake held by ACL will be sold to pre-identified investors prior to the deal's consummation.
Financial Impact
- Total Realization: ₹15,729.00 crore for ACL
- ₹10,874.00 crore from the current transaction
- ₹4,855.00 crore already realized through an offer for sale
Regulatory Compliance
The deal's completion is subject to customary conditions, including Lence obtaining all applicable anti-trust approvals for the acquisition of the Sale Shares.
Agreement Terminations
Upon the transaction's consummation, the parties have agreed to terminate:
- The shareholders' agreement dated April 12, 1999, along with subsequent amendments and adherence deeds.
- The Inter-se Agreement dated July 30, 2021.
This strategic move by Adani Enterprises marks a significant shift in its investment portfolio, potentially allowing the company to reallocate resources to other growth areas or strengthen its financial position.
Note: All financial figures are in Indian Rupees (₹).
Historical Stock Returns for Adani Enterprises
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.31% | +1.38% | +5.15% | +9.03% | -15.38% | +1,625.99% |