Adani Enterprises arm completes 13% stake sale worth Rs 4,646 cr in AWL to Wilmar subsidiary

Adani Enterprises announced the completion of its stake sale in AWL Agri Business on Wednesday, where the company's subsidiary Adani Commodities LLP (ACL), sold a 13% stake in AWL to Lence, a wholly owned subsidiary of Wilmar International Limited, by an off-market transaction worth Rs 4,646 crore.

Adani Enterprises had on July 17, 2025 informed the exchanges about the share purchase agreement (SPA) where ACL agreed to sell while Lence agreed to purchase not less than 14.30 crore equity shares representing 11% of the issued and paid-up equity share capital of AWL Agri Business Limited. The maximum limit was 25.99 crore equity shares representing up to 20% paid-up equity share capital of AWL.

ACL now holds 7% of the issued and paid-up share capital of AWL while Lence holds 56.94% of the issued and paid-up share capital of AWL.


The 13% stake purchased comprised over 6.9 crore equity shares changing hands at a price of Rs 275 per share.

In its filing to the exchanges, Adani Enterprises said that the company, ACL, AWL and Lence have executed a termination agreement for termination of the shareholders’ agreement.
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Under the share purchase agreement, Adani Commodities had on July 18 sold 13,54,82,400 equity shares representing 10.42% of the issued and paid-up equity share capital of AWL by way of a block deal on the floor of the stock exchange. Consequently, the shareholding of ACL in AWL was revised to 25,99,35,721 equity shares constituting 20% of the issued and paid-up equity share capital of AWL.

Shares of Adani Enterprises today ended at Rs 2,431 on the NSE down by Rs 5.80 or 0.24% over the Tuesday closing price while those of AWL Agri Business closed with 2.4% gains at Rs 275.60.

AWL Agri is an FMCG company offering a diverse portfolio of essential kitchen staples, including edible oils, wheat flour, rice, pulses, and sugar. The company boasts of its flagship brand ‘Fortune’, which it said is sold to 123 million households. It has more than 70 manufacturing units, including India’s largest integrated food complex at Gohana in Haryana and largest port-based refinery at Mundra in Gujarat, AWL ensures seamless production and distribution.

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