Adani sells another 13% stake in AWL Agri Business to Wilmar

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Adani Commodities has sold 13 percent stake in AWL Agri Business Ltd to Wilmar’s arm Lence Pte Ltd in an off-market deal executed on November 19, the company said in a regulatory filing.

The move is part of the broader stake sale plan outlined earlier this year, under which Wilmar agreed to buy between 11 and 20 percent of AWL Agri Business at Rs 275 a share.

The companies have also entered agreement to terminate the 1999 shareholders' agreement between Adani Enterprises Limited (AEL) and Wilmar International, through its subsidiary Lence Pte. Ltd.

Last week, Wilmar subsidiary Lence Pte Ltd said it has agreed to acquire a 13% stake in Adani Wilmar Ltd’s (AWL) Agri Business from Adani Commodities LLP for Rs 4,650 crore (approximately $529 million).

The Competition Commission of India (CCI) granted its approval for the deal on November 11, 2025, Wilmar said, adding that the completion of the transaction is subject to the fulfillment of other conditions outlined in the SPA.

Also, fair trade regulator Competition Commission of India (CCI) on Tuesday approved Wilmar International’s proposal to acquire up to 20 per cent stake in AWL Agri Business Ltd from the Adani Group.

The clearance comes months after the Adani Group announced in July 2025 its plan to divest a 20 per cent stake in AWL Agri Business (formerly Adani Wilmar Ltd) to Singapore-based Wilmar International for Rs 7,150 crore, as part of its broader strategy to exit the FMCG segment and focus on its infrastructure portfolio.