Wilmar’s Lence Pte to Acquire up to 20% in Adani Wilmar’s Agri Business for ₹7,150 Cr; CCI Clears Deal

Singapore-based Wilmar International announced that its subsidiary Lence Pte Ltd has agreed to acquire a 13% stake in Adani Wilmar Ltd’s (AWL) Agri Business from Adani Commodities LLP for ₹4,650 crore (≈USD 529 million). The transaction follows a Share Purchase Agreement (SPA) signed on July 17, 2025, between Adani Commodities LLP, Adani Enterprises Ltd (as confirming party), and Lence Pte Ltd. Under the SPA, Lence will purchase between 142.96 million and 259.93 million shares, representing 11%–20% of AWL’s equity, at ₹275 per share — with the final stake determined at Lence’s discretion. On November 11, 2025, the Competition Commission of India (CCI) approved the proposed acquisition. Completion of the deal remains subject to other customary conditions under the SPA. Following the transaction, Lence Pte’s stake in AWL Agri Business will increase from 43.94% to between 54.94% and 63.94%, effectively giving Wilmar International majority control. This move is part of the Adani Group’s broader strategy to exit its FMCG vertical and refocus on infrastructure and energy businesses. The total transaction value for up to a 20% stake stands at ₹7,150 crore. In Q2FY26, AWL Agri Business reported a 21% YoY decline in consolidated net profit to ₹244.85 crore (vs. ₹311.02 crore YoY), though total income rose 20% YoY to ₹17,525.6 crore. 📊 Deal Highlights: Acquirer: Lence Pte Ltd (Wilmar International) Seller: Adani Commodities LLP (Adani Group) Stake: 11–20% (to reach 54.9–63.9% post-deal) Deal Value: ₹4,650–₹7,150 crore Price: ₹275/share CCI Approval Date: Nov 11, 2025 Rationale: Adani’s exit from FMCG; Wilmar’s consolidation in India #WilmarInternational #AdaniWilmar #AdaniGroup #AWLAgriBusiness #CorporateDeal #MergersAndAcquisitions #CCIApproval #FMCG #AgriBusiness #SingaporeInvestments #StockMarketIndia #StockYardResearch #Q2FY26Results #Wilmar #AdaniEnterprises