Block deal: Adani Commodities offloads remaining stake in AWL Agri Business

On Thursday, the Adani Group announced the sale of a 20 percent stake in AWL Agri Business to Singapore-based Wilmar International for Rs 7,150 crore via an exchange filing. This follows an earlier divestment in January, when Adani Enterprises Ltd (ACL) sold a 13.51 percent stake.

The Adani Group offloaded its stake in Adani Wilmar Ltd (AWL Agri Business Ltd) through a large block deal on Friday. Adani Commodities LLP, sold its entire 10.24 percent holding of Adani Group offloaded 13.54 crore equity shares (10.42 percent) in 11 tranches on Friday at Rs 275.5 per share.

Among Indian mutual funds, buyers included IDFC Mutual Fund, Quant Mutual Fund and Bandhan Mutual Fund.

Other major participants included Jupiter India Fund and The Jupiter Global Fund – Jupiter India Select, which collectively bought over 37 lakh shares. Morgan Stanley Asia (Singapore) Pte acquired 6.24 lakh shares, and Susquehanna Pacific Pty Ltd purchased 3.66 lakh shares. Shajaeatan Investment FZCO picked up 11.07 crore shares.

The FTIF – Templeton Asian Smaller Companies Fund picked up 25.77 lakh shares, while the Templeton Emerging Markets Smaller Companies Fund bought 5.89 lakh shares. The Templeton Global Investment Trust – Emerging Markets Small Cap Fund acquired another 7.17 lakh shares.

Other buyers included Duro India Opportunities Fund Pte. Ltd. and Duro Equity Opportunities AIF 1, which bought 7.06 lakh and 3.85 lakh shares, respectively. FundPartner Solutions (Suisse) SA – Migros Pensionskasse Fonds acquired 3.24 lakh shares.

In addition, several funds managed by Vanguard participated in the block deal, collectively acquiring more than 10 lakh shares through various global emerging markets, all-world, and ESG index funds.

Adani Wilmar is a joint venture between Adani Enterprises and Wilmar International.

On Thursday, the Adani Group announced the sale of a 20 percent stake in AWL Agri Business to Singapore-based Wilmar International for Rs 7,150 crore via an exchange filing. This follows an earlier divestment in January, when Adani Enterprises Ltd (ACL) sold a 13.51 percent stake.