Adani Enterprises exits AWL Agri Business stake through termination agreement

Adani sharpens focus on infrastructure, Wilmar expands FMCG footprint  
According to the NSE disclosure, ACL, AWL, and Lence concluded earlier option agreements through a termination pact, enabling Lence to acquire equity shares directly from ACL. The transaction involved the sale of a 13% stake in AWL Agri Business for ₹4,650 crore, following regulatory approvals including clearance from the Competition Commission of India (CCI).  

With this acquisition, Wilmar International’s stake in AWL Agri Business rises significantly, strengthening its control and positioning in India’s FMCG sector. Adani Enterprises, meanwhile, continues to streamline its portfolio by exiting FMCG operations and focusing on infrastructure-led businesses such as energy, ports, and logistics.  

Major takeaways  

• Adani Enterprises executes termination agreement with ACL, AWL, and Lence  
• ACL sells 13% stake in AWL Agri Business to Lence for ₹4,650 crore  
• Transaction follows earlier option agreements now terminated  
• CCI approval obtained, enabling Wilmar International to expand stake in AWL  
• Adani Group sharpens focus on infrastructure, exiting FMCG operations  

Sources: NSE Circular, Moneycontrol, BusinessWorld, India Business Journal