Adani Enterprises shares fall 0.97% after its exit from AWL Agri Business

Adani Enterprises Limited shares declined 0.97 per cent to ₹2,591.10 on Friday morning after the company announced its complete exit from AWL Agri Business Limited (formerly Adani Wilmar Limited) through a series of transactions worth ₹15,729 crores.

The company disclosed on July 17 that its subsidiary Adani Commodities LLP (ACL) has executed a share purchase agreement with Lence Pte. Ltd., a wholly-owned subsidiary of Wilmar International Limited. Under this deal, Lence will purchase between 11 per cent to 20 per cent of AWL’s equity shares from ACL at ₹275 per share, with the final quantum to be determined by Lence.

ACL currently holds 39.54 crore equity shares representing 30.42 per cent of AWL’s paid-up capital. The remaining 10.42 per cent stake will be sold to pre-identified investors prior to the main transaction’s completion.

The exit follows an earlier divestment in January 2025, when ACL sold 17.56 crore shares through an offer for sale at ₹276.51 per share, raising ₹4,855 crores. This sale helped AWL meet minimum public shareholding requirements by increasing public float to 25.30 per cent.

The transaction remains subject to customary conditions, including anti-trust approvals. Upon completion, AWL will cease to be an associate company of Adani Enterprises, marking the conglomerate’s complete exit from the edible oils and food products business.

Trading volumes remained moderate with 2.33 lakh shares changing hands by midday Friday.

Published on July 18, 2025