Seeds of Strategy: Shajaeatan’s ₹3,050 Crore Investment in India’s Agri Pulse

Image Source: The Economic Times

Shajaeatan Investment FZCO, a Dubai-based firm, has acquired an 8.52% stake in AWL Agri Business (formerly Adani Wilmar) through open market transactions. The deal, valued at ₹3,050 crore, marks a significant entry into India’s fast-moving agri-food sector.

Key Highlights:

- The acquisition involved over 11.07 crore equity shares purchased at an average price of ₹275.5 per share.
- The transaction was part of a broader divestment by Adani Commodities LLP, which sold its remaining 10.42% stake for ₹3,732 crore.
- Other buyers included Quant Mutual Fund, IDFC MF, Bandhan MF, Morgan Stanley Asia Singapore, and Franklin Templeton.
- AWL Agri Business posted a FY25 net profit of ₹1,225.81 crore on revenue of ₹63,910 crore.

Market Implications:

- The move aligns with Adani Group’s strategic exit from FMCG to focus on infrastructure.
- Shajaeatan’s investment signals growing global interest in India’s agri-business potential.

Sources: Economic Times, NDTV Profit, Deccan Herald, News9Live.