Adani Wilmar Sees Significant Block Trades Worth Rs. 294.09 Crores on NSE

AWL Agri Business , a leading FMCG company in India, witnessed substantial trading activity on the National Stock Exchange (NSE) with multiple block trades totaling Rs. 294.09 crores. The transactions, involving approximately 10.7 million shares, were executed at prices ranging from Rs. 274.55 to Rs. 275.00 per share.

Block Trade Details

Transaction	Value (Rs. Crores)	Number of Shares	Price Range (Rs.)
Largest	156.16	5,684,578	274.55 - 275.00
Total	294.09	~10.7 million	274.55 - 275.00

The largest single transaction amounted to Rs. 156.16 crores, involving 5,684,578 shares. This significant trading volume suggests considerable interest from institutional or bulk investors in AWL Agri Business's stock.

Recent Corporate Action

According to the latest LODR (Listing Obligations and Disclosure Requirements) data:

Adani Commodities LLP, a promoter of AWL Agri Business, sold 168,958,219 equity shares representing 13% of the company's issued and paid-up equity share capital.
The sale was made to Lence Pte Ltd, a wholly-owned subsidiary of Wilmar International Limited, through an off-market transaction.
Post-transaction, Adani Commodities LLP's shareholding in AWL Agri Business reduced from 20.00% to 7.00% of the total share capital.

Market Implications

The occurrence of these large block trades, coupled with the recent off-market transaction by a promoter entity, may signal evolving dynamics in AWL Agri Business's ownership structure and investor interest. Market participants will likely monitor these developments closely for potential impacts on the company's stock performance and future strategic directions.

Investors and analysts may want to keep an eye on any subsequent disclosures or announcements from AWL Agri Business that could provide more context to these significant market movements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.76%	-1.86%	+2.95%	+3.40%	-8.75%	+0.32%

AWL Agri Business , formerly known as Adani Wilmar Limited, has undergone a significant change in its ownership structure. Lence Pte. Ltd., a wholly owned subsidiary of Wilmar International Limited, has acquired a substantial stake in the company, resulting in Lence gaining sole control of AWL AgriBusiness.

Key Transaction Details

Aspect	Details
Buyer	Lence Pte. Ltd. (subsidiary of Wilmar International Limited)
Seller	Adani Commodities LLP
Shares Acquired	168,958,219 equity shares
Stake Percentage	13% of AWL AgriBusiness
Transaction Type	Off-market transfer
Price per Share	INR 275.00

Implications of the Deal

Change in Control

Following this transaction, Lence has acquired sole control of AWL AgriBusiness.

Termination of Existing Agreements

As part of this deal, the parties involved have executed a termination agreement to end existing shareholders' agreements. This includes:

The shareholders' agreement dated April 12, 1999
Subsequent amendments and agreements up to July 30, 2021

Impact on Management

The execution of the termination agreement and the share sale have led to Lence acquiring sole control of the company, which may affect the management structure.

Corporate Disclosures

AWL AgriBusiness has made the necessary disclosures to the stock exchanges as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This transaction represents a significant change in the ownership and control structure of AWL AgriBusiness. The impact of this change in control on the company's future strategies and operations remains to be seen.