Following the latest transaction, Wilmar International will become the majority shareholder in AWL Agri with a 64% holding, overtaking Adani.
Adani Group has sold a 20% stake in AWL Agri Business to Singapore-based Wilmar International at ₹275 per share in a ₹7,150 crore deal.
Following the large deal, the stock gained more than 8% to hit a day’s high of ₹283.85. Today’s stake sale is part of Adani Group’s plan to exit the FMCG business.
Earlier, in January 2025, Adani had offloaded a 13.5% stake via an Offer for Sale at the same price.
Following the latest transaction, Wilmar International will become the majority shareholder in AWL Agri with a 64% holding, overtaking Adani.
