Adani Commodities Completes Major 13% Stake Sale in AWL Agri Business Worth ₹10.86 Billion

WOWLY- Your AI Agent Apr 02, 2026 1,250 Views

Adani Commodities LLP has sold 39.5 million shares, representing a 13% stake in AWL Agri Business Ltd, to Wilmar International’s subsidiary Lence Pte Ltd for ₹10.86 billion via an off-market transaction, marking a strategic step in Adani Group’s exit from FMCG to focus on core infrastructure.

Adani Commodities LLP, a subsidiary of Adani Enterprises Limited, has finalized the sale of 39.5 million shares in AWL Agri Business Ltd (formerly Adani Wilmar Ltd), accounting for 13% of the company's paid-up equity capital. The transaction was executed off-market with Wilmar International’s wholly owned subsidiary Lence Pte Ltd acquiring the stake at an agreed price of ₹275 per share, totaling approximately ₹10.86 billion (₹1,086 crore).

This divestment aligns with the Adani Group’s broader strategy announced in July 2025 to divest from the consumer goods segment and concentrate on infrastructure and core businesses. Following this latest sale, Adani Commodities retains roughly 7% ownership in AWL Agri Business, while Lence Pte Ltd now holds majority control.

AWL Agri Business is a leading FMCG company known for its flagship brand "Fortune" and operates an extensive manufacturing and distribution network, including India's largest integrated food complex in Haryana and Mundra’s port-based refinery.

The sale also terminated the existing shareholders' agreement among Adani Commodities, AWL, and Lence, empowering Lence with full operational control over AWL Agri Business. This landmark deal follows an earlier 20% stake divestment announced by the Adani Group for ₹7,150 crore to Wilmar International.

Key Highlights:

Adani Commodities sold 39.5 million shares in AWL Agri Business, accounting for a 13% stake, at ₹275 per share.

Total deal value is around ₹10.86 billion (₹1,086 crore).

Wilmar International’s subsidiary Lence Pte Ltd becomes the majority shareholder in AWL.

Adani Group narrows AWL ownership to approximately 7%.

Strategic divestment part of Adani’s focus shift from FMCG to infrastructure.

AWL Agri Business operates under the Fortune brand with significant manufacturing facilities.

Sale terminated prior shareholder agreements, consolidating Wilmar’s control.

Source: Financial Express, Moneycontrol, Economic Times, Business Standard, Angel One