Adani Commodities exits AWL Agri Business with final 7% stake sale

Promoter entity Adani Commodities LLP on Friday sold its remaining 7% stake in AWL Agri Business for ₹25.0 billion through two bulk deals on the NSE and BSE. On the NSE, it offloaded around 3% or 39.47 million shares at ₹275.09 each. On the BSE, it sold 4% or 51.51 million shares at ₹275 each.

On Wednesday, Adani Commodities had sold a 13% stake in AWL Agri to fellow promoter Lence Pte Ltd. Earlier this month, AWL Agri, formerly Adani Wilmar, said Singapore-based Lence would buy up to 20% in the company from Adani Commodities on or after Nov 16. The Competition Commission of India later cleared Lence to acquire 11-20% in AWL Agri Business.