Adani sold 20 percent stake in Adani Wilmar for Rs 7150 crore, group will focus on infra business

Adani Group has sold 20 percent stake in AWL (Adani Wilmar Limited) Agri Business Limited to Wilmar International, Singapore for Rs 7150 crore. The company has informed the stock market about this. AWL Agri Business Limited was earlier known as Adani Wilmar Limited. Adani Group had announced the sale of its entire 44 percent stake in Adani Wilmar in December. The group’s purpose behind this was to focus on its key infrastructure business.

Adani Commodities LLP and Wilmar International had an agreement

Adani Commodities LLP (ACL), a subsidiary of Adani Enterprises Limited (AEL), and Lens Pte Ltd, a subsidiary of Wilmar International, Singapore, had entered into an agreement. They gave each other the option to buy or sell shares of Adani Enterprises Limited/Adani Commodities LLP in Adani Wilmar Limited at a price agreed upon by both, but not exceeding Rs 305 per share. Together, they held around 88 per cent (44 per cent each) stake in the company.

Adani sold 13.5 per cent stake in January

Adani Enterprises Limited/Adani Commodities LLP sold its 13.5 per cent stake in January 2025 at a price of Rs 276.51 per share. After this, Adani Enterprises Limited/Adani Commodities LLP was left with about 30.42 per cent stake in Adani Enterprises Limited. Adani Group has now sold 20 per cent stake in Adani Wilmar Limited Agri Business to Singapore-based Wilmar International at a price of Rs 275 per share in a deal worth Rs 7150 crore.

This stake sale is part of Adani Group’s plan to exit the daily consumer goods (FMCG) business. After this latest transaction, Wilmar International has become the majority shareholder in AWL Agri, surpassing Adani with a 64 percent stake.