AWL Agri’s Next Chapter: Lence’s Stake Purchase Wins CCI Approval, Set to Drive Growth

AWL Agri Business Limited (formerly Adani Wilmar Limited) announced that the Competition Commission of India (CCI) approved the share purchase agreement executed on July 17, 2025, between Adani Commodities LLP (ACL) and Lence Pte Ltd, a Wilmar International subsidiary. This approval is a significant regulatory milestone facilitating Lence's acquisition of up to 259,935,721 equity shares, representing 20% of AWL's issued equity, at an agreed price of INR 275 per share. The agreement also ensures Lence’s purchase of a minimum of 11% equity (142,964,647 shares) at the same price, with the final quantity determined at Lence’s discretion.

 

The consummation of this transaction depends on fulfillment of all conditions precedent outlined in the agreement. This deal follows ACL’s earlier partial sale to enhance public shareholding and anticipates ACL’s full exit from AWL, leading to Lence becoming the dominant shareholder with a commanding equity position.

 

Key Highlights:

This transaction reflects strategic reshaping of ownership in AWL Agri Business Limited, aiming for enhanced focus and growth under Lence’s stewardship while aligning with regulatory and market norms.

 

Sources: National Stock Exchange (NSE) Circular, Adani Enterprises Limited filings, Competition Commission of India notification.