Agriculture
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Updated on 11 Nov 2025, 03:18 pm
Reviewed By
Simar Singh | Whalesbook News Team
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Singapore-based Wilmar International, through its subsidiary Lence Pte Ltd, is set to acquire a significant stake in Adani Wilmar Ltd's Agri Business. The transaction involves the purchase of 11% to 20% of Adani Wilmar's equity, at a fixed price of Rs 275 per share. The total value of this deal could reach up to Rs 7,150 crore.
Adani Enterprises Limited, as a confirming party, and Adani Commodities LLP (ACL) are involved in executing the Share Purchase Agreement (SPA) with Lence Pte Ltd. The deal has been approved by the Competition Commission of India (CCI) on November 11, 2025. This acquisition will increase Wilmar's current holding in Adani Wilmar (from 43.94%) to a range of 54.94% to 63.94%.
This divestment aligns with the Adani Group's broader strategy to streamline its portfolio and focus on its core infrastructure operations, exiting the Fast-Moving Consumer Goods (FMCG) segment.
Recently, Adani Wilmar reported a 21% decline in its net profit for the September quarter to Rs 244.85 crore, though its total income rose to Rs 17,525.61 crore. This financial performance comes amidst the significant ownership change.
Impact This transaction is significant for both Adani Group and Wilmar International, potentially impacting the market valuation of Adani Enterprises and Adani Wilmar. It signals a strategic realignment for the Adani conglomerate and consolidates Wilmar's position in the Indian agribusiness sector. Rating: 7/10
Difficult Terms Explained: Share Purchase Agreement (SPA): A legal contract that details the terms and conditions of a sale of shares between a buyer and a seller. Lence Pte Ltd: A subsidiary of Wilmar International, acting as the buyer in this transaction. Adani Commodities LLP (ACL): An entity within the Adani Group involved in commodity trading and acting as a seller in this deal. Competition Commission of India (CCI): India's statutory body responsible for ensuring fair competition in the market and approving major business mergers and acquisitions. FMCG (Fast-Moving Consumer Goods): Products that are sold quickly and at a relatively low cost, such as packaged foods, beverages, toiletries, and over-the-counter drugs. Divestment: The act of selling off assets, business units, or subsidiaries, typically to raise capital or focus on core operations.