Image Source: fortunefoods.com
AWL Agri Business Limited, a prominent player in the agri-food industry formerly known as Adani Wilmar, has received a significant regulatory nod from Chinese authorities approving a key equity transaction involving strategic stakeholders Adani Commodities LLP, Adani Enterprises, and Singapore-based Lence Pte Ltd. This approval marks an important milestone in the company’s ongoing restructuring and global partnership strategy.
Key Highlights:
The Chinese regulatory body granted approval for Lence Pte Ltd, the agribusiness arm of Wilmar International, to increase its stake in AWL Agri Business by purchasing shares from Adani Commodities LLP, an entity under the Gautam Adani-led conglomerate.
Under the Share Purchase Agreement (SPA), Lence is set to acquire between 11% to 20% of AWL’s paid-up equity capital, with the transaction price fixed at ₹275 per share.
This transaction was part of a broader strategic deal announced earlier in 2025, wherein Adani Group decided to exit from its FMCG business vertical to focus more on infrastructure.
Following this equity acquisition, Wilmar International, through Lence, will hold a majority stake in AWL Agri Business, increasing from the existing 43.94% to between 54.94% and 63.94%.
The deal also received approval from the German Federal Cartel Office and cleared necessary Competition Commission of India (CCI) scrutiny, ensuring compliance across multiple jurisdictions.
The partnership consolidates Wilmar’s position as the controlling shareholder, enhancing operational synergies and providing AWL Agri Business with access to global markets, robust supply chains, and advanced technology.
Management anticipates positive impacts on growth, brand penetration, and product innovation arising from the aligned interests of Wilmar’s global agri expertise and AWL’s strong distribution network in India.
Market and Strategic Outlook:
The regulatory clearance from China for this share transaction is a crucial enabler for AWL Agri Business as it transitions from the Adani group to Wilmar-led management, positioning it for enhanced competitiveness in India’s FMCG and edible oil sectors.
The consolidation aligns with the global agribusiness strategy of Wilmar, one of the world’s largest in the vegetable oil and packaged foods space, combining scale, quality, and market reach.
This transaction exemplifies growing cross-border agribusiness partnerships and reflects India’s evolving FMCG market dynamics, with international majors strengthening presence through acquisitions and joint ventures.
In summary, AWL Agri Business’s receipt of Chinese regulatory approval for the stake transaction involving Adani entities and Lence Pte Ltd represents a transformative milestone, reinforcing the company’s growth prospects and integration with global agribusiness leaders.
Sources: AWL Agri Business official disclosures, Business Standard, Millennium Post, Economic Times, ScanX Trade (September 2025)
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