Adani Wilmar renamed as AWL Agri Business Limited after shareholders' approval
Adani Wilmar has rebranded as AWL Agri Business Limited to better reflect its focus on the agriculture and food sector. This change follows shareholders' approval and aligns with the company's future growth plans. Adani Wilmar will continue to con...
The decision, which marks a significant shift for the company, reflects its expanded focus on the agriculture and food sector.
The rebranding aims to align the company’s identity with its core business activities and future growth prospects in the agri-business industry.
In December, the Adani group had said it would exit its consumer goods joint venture with Singapore's Wilmar International in a $2 billion deal.
Mallick had said the new name of Adani Wilmar, post a shareholder vote, would be AWL Agri Business Ltd, even as he said the firm's strategy would not change post the deal close, reported Reuters.
He said Adani Wilmar will continue to focus on expanding its presence in branded foods, including the basmati rice and wheat flour segments, as nearly four-fifths of sales come from unbranded products.
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