AWL Agri Business Ltd, formerly known as Adani Wilmar Ltd, has reached a significant milestone in its recent share sale agreement. The company has obtained approval from the German Federal Cartel Office for the sale of its shares to Singapore-based Lence Pte Ltd at ₹275.00 per share.

Transaction Details

The approval, granted on September 2, marks a crucial step forward in the share purchase agreement (SPA) originally disclosed on July 17. Under the terms of the SPA:

• Lence Pte Ltd has agreed to purchase up to 259,935,721 equity shares from Adani Commodities LLP (ACL).
• This represents a maximum of 20.00% of AWL Agri Business's issued and paid-up equity share capital.
• The minimum number of shares to be purchased is set at 142,964,647, representing 11.00% of the company's equity.
• The final number of shares will be determined by Lence Pte Ltd at its discretion.

Financial Implications

The agreed price of ₹275.00 per share underscores the value placed on AWL Agri Business in this transaction. This price point was a key factor in the regulatory approval process and reflects the current market assessment of the company's worth.

Regulatory Clearance and Next Steps

While the German Federal Cartel Office's approval is a significant development, it's important to note that the transaction's completion remains subject to other conditions precedent as outlined in the SPA. The company has not disclosed specific details about these additional conditions.

Corporate Governance

AWL Agri Business Ltd has promptly disclosed this development to the stock exchanges, demonstrating its commitment to transparency and compliance with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

As this transaction progresses, market observers will be keen to see its impact on AWL Agri Business's operations and strategic direction, particularly given the involvement of a Singapore-based entity in acquiring a substantial stake in the company.

AWL Agri Business Limited (formerly known as Adani Wilmar Limited) has experienced a significant change in its ownership structure as Adani Commodities LLP, a promoter of the company, substantially reduced its shareholding through a block deal on July 18, 2025.

Transaction Details

Adani Commodities LLP sold 13,54,82,400 equity shares of AWL Agri Business Limited through a block deal on the stock exchange. This sale represents 10.42% of AWL Agri Business's total share capital, reducing Adani Commodities' shareholding from 30.42% to 20.00%.

Regulatory Compliance

In compliance with regulatory requirements, Adani Commodities LLP filed a disclosure under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The disclosure, dated July 21, 2025, provides detailed information about the transaction and its impact on the company's shareholding structure.

Impact on Shareholding

The transaction has resulted in the following changes to Adani Commodities LLP's shareholding in AWL Agri Business:

Company Overview

AWL Agri Business Limited is listed on both BSE Limited and National Stock Exchange of India Limited. The company has a total equity share capital of Rs. 1,29,96,78,605 divided into 1,29,96,78,605 equity shares of Re. 1/- each. The registered office of AWL Agri Business is located at Fortune House, Near Navrangpura Railway Crossing, Ahmedabad – 380009, Gujarat, India.

Potential Implications

This significant reduction in Adani Commodities' stake may have implications for AWL Agri Business's ownership structure and could potentially impact its future strategic decisions. Investors and market analysts will likely be watching closely for any further developments or changes in the company's direction following this substantial share sale.