Adani Commodities LLP is likely to sell up to 7% in AWL Agri Business Ltd through block deals, with an offer size of ₹2,501 crore, according to sources who spoke to CNBC-TV18.
The proposed transaction carries a floor price of ₹275 per share, reflecting a 0.63% discount to Thursday’s closing level.
Shares of AWL Agri Business ended 0.49% higher at ₹277.15 on the NSE.
The potential block trade comes shortly after the Adani Group sold a 13% stake in the company to an arm of Wilmar International Ltd in an off-market transaction worth ₹4,646 crore earlier this week.
The two transactions together signal the Group’s ongoing strategy to fully exit the FMCG business and refocus on its core infrastructure portfolio, the people cited said.
AWL Agri Business recently reported its September-quarter earnings, with net profit declining 21.3% year-on-year to ₹244.7 crore, impacted by higher expenses and finance costs. Revenue rose nearly 22% to ₹17,605 crore, though margins remained broadly unchanged from last year.
