Adani Group company to sell up to 20 per cent AWL Agri Business Ltd shares to Lence at Rs 275/share, Realising Rs 15,729 crore total cash

Adani Enterprises Limited (AEL) has announced significant changes regarding its stake in AWL Agri Business Limited (formerly Adani Wilmar Limited - AWL). Previously, AEL's subsidiary, Adani Commodities LLP (ACL), and Lence Pte. Ltd. (a Wilmar International Limited subsidiary) had an agreement allowing them reciprocal call and put options for ACL's shares in AWL, covering up to 31.06 per cent of AWL's paid-up equity. In January 2025, ACL sold 13.51 per cent of AWL shares through an offer for sale, increasing AWL's public shareholding to meet regulatory requirements and reducing ACL's stake to 30.42 per cent.

The Board of Directors of AEL has now approved the termination of the original agreement and entered into a new Share Purchase Agreement (SPA) with ACL and Lence. Under this SPA, Lence will purchase between 11 per cent and 20 per cent of AWL's issued and paid-up equity share capital from ACL at a price of Rs 275 per share. This transaction was executed on July 17, 2025, and is contingent upon customary conditions, including Lence obtaining necessary anti-trust approvals.

Upon the completion of this transaction, ACL will completely divest its remaining shares in AWL. The 10.42 per cent of AWL shares not purchased by Lence will be sold to pre-identified investors. Lence will also endeavor to bring in strategic partners for any portion of the 11-20 per cent stake it doesn't acquire. These transactions are expected to generate a total of Rs 15,729 crores for ACL (which is wholly owned by AEL), including the Rs 4,855 crores already realized from the January 2025 offer for sale. Consequently, AWL will cease to be an associate company of both ACL and AEL, marking a full exit for the Adani group from AWL.

About Adani Enterprises Ltd

, the flagship company of the Adani Group, is a diversified conglomerate with interests in mining, resource management, infrastructure development and more. Founded in 1993, it acts as an incubator for new ventures within the Adani Group, with several successful companies like Adani Power and Adani Ports starting under its wing. AEL itself is a major player in India's Integrated Resources Management (IRM) business, importing and selling coal, while also operating its mining projects in India, Indonesia and Australia. Beyond mining, Adani Enterprises is involved in solar power generation through its subsidiary Adani Solar, the largest integrated solar manufacturer in India. They are also developing data centres and working on road infrastructure projects. Notably, the Adani Group recently entered the airport sector by winning the rights to operate and modernise six airports across India.

A strong performer with a market cap of Rs 3 lakh crore, the company has consistently delivered impressive profit growth of 37 per cent CAGR over the last 5 years. According to the Quarterly Results (Q4FY25) and annual results (FY25), the company posted amazing numbers. The stock is up over 30 per cent from its 52-week low of Rs 2,026.90 per share and has given multibagger returns of 1,630 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.