Adani Enterprises sells stake worth $279 million in AWL Agri Business

Indian conglomerate Adani Enterprises' unit sold shares worth 25 billion rupees ($278.9 million) in AWL Agri Business via bulk deals, data from exchanges showed on Friday.

Data from NSE showed that Adani Commodities, a subsidiary of Adani Enterprises, sold 39.5 million shares in AWL Agri for 275.09 rupees apiece, while data from BSE showed that it sold 51.5 million shares for 275 rupees apiece.

That reflects a discount of about 0.6% to Thursday's close.


The unit owned a 20% stake in AWL Agri, as of September 30, representing 259.9 million shares held, exchange data showed