
The Adani Group on Friday fully exited AWL Agri Business (formerly Adani Wilmar) by offloading its remaining 10.42% stake through open market transactions raising ₹3732 crore as per data available on the BSE. Adani Commodities LLP (ACL) a subsidiary of Adani Enterprises offloaded a total of 135482400 equity shares in 11 tranches on Friday amounting to a 10.42 per cent stake in AWL Agri Business as per the block deal data on the BSE. The transaction was valued at around Rs 3732.54 crore and executed at an average price of Rs 275.50 apiece. Who Bought AWL Agri Business? Meanwhile Dubai-based Shajaeatan Investment FZCO purchased a little over 11.07 crore equity shares or 8.52 per cent in AWL Agri Business for Rs 3049.99 crore. Quant Mutual Fund (MF) IDFC MF Bandhan MF Jupiter Fund Management Morgan Stanley Asia Singapore US-based Susquehanna International Group Franklin Templeton Vanguard and Singapore-based Duro Capital were among the buyers of AWL Agri Business shares on the BSE. Adani Group On Exit From AWL Agri Business On Thursday billionaire Gautam Adani-promoted Adani Group said it has sold a 20 per cent stake in AWL Agri Business to Wilmar International Singapore for Rs 7150 crore as part of its decision to exit the FMCG business and focus on the infrastructure vertical. In January ACL had already sold a 13.51 per cent stake in AWL through the offer for sale route generating Rs 4855 crore.AWL Agri Business sells edible oil and other food products under Fortune brand. In December last year Adani Group had announced divestment of its entire 44 per cent stake in AWL to sharpen its focus on core infrastructure businesses. During the 2024-25 fiscal AWL Agri Business Ltd had posted a net profit of Rs 1225.81 crore on a total income of Rs 63910.28 crore. (With Inputs From PTI)
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