Adani Group Sells Additional 13% Stake in AWL Agri Business to Wilmar Subsidiary, Exits JV Agreement

Overview

Adani Commodities LLP has sold another 13% stake in AWL Agri Business Ltd (formerly Adani Wilmar Ltd) to Lence Pte Ltd, a subsidiary of Wilmar International. This transaction, estimated at Rs 4,646 crore, is part of Adani Group's strategy to exit the FMCG business and focus on infrastructure. The deal also marks the termination of the 1999 shareholders' agreement between Adani Enterprises and Wilmar International.