AWL

The Adani Group has fully exited AWL Agri Business and sold 20 percent stake to Singapore-based Wilmar International for Rs 7,150 crore, at a price of Rs 275 per share, Adani Enteprises said in a statement on July 17. The remaining 10.42% stake held by Adani Commodities LLP, subsidiary of Adani Enterprises Ltd, will be sold to a group of pre-identified investors arranged by Wilmar, according to the statement. Shares of AWL Agri Business, formerly Adani Wilmar, are higher by over 5 percent, supported by record-high revenue on better realization from edible oil and expansion plans, even as brokerage reactions have been mixed to the quarterly results. The deal follows a 13.5% stake sale in January 2025 at the same price, and hands Wilmar the majority control with a 65% holding in the company. Adani Enterprises, the flagship company of the Adani Group, had in December 2024 announced its decision to exit the joint venture with Singapore-based Wilmar International.