Image Source : Business Today
Adani Commodities LLP has executed a major block deal, selling 135.5 million shares of AWL Agri Business Ltd (formerly Adani Wilmar), marking a significant step in the Adani Group’s phased exit from its FMCG venture.
Key highlights:
- The transaction is part of Adani Enterprises’ broader divestment strategy, following its December 2024 decision to sell its entire 44% stake in AWL to Wilmar International for $2 billion.
- The block deal helps meet India’s minimum public shareholding norms, ensuring at least 25% of AWL’s equity is publicly held.
- The shares were sold to institutional investors, with market buzz suggesting strong demand due to AWL’s robust Q4 performance and rural expansion.
Strategic context:
- AWL Agri Business has rebranded to reflect its focus on agriculture and food staples, including edible oils, rice, flour, and pulses.
- The company posted a 36% YoY revenue jump in Q4 FY25, with net profit doubling to ₹410.93 crore.
Sources: Economic Times, Outlook Business, Upstox, Business Today, Moneycontrol
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