Adani group plans to exit from FMCG sector as reflected in their recent move where they sold another 20% of their stocks to Singapore-based Wilmar International worth 7,150 crores selling each share worth Rs 275 which makes Wilmar International majority stakeholder as now they owns 64% in the AWL Agri Business Ltd. (Earlier known as Adani Wilmar Ltd.)
Adani group had already announced in Dec, 2024 about their plan to move from FMCG sector and wants to focus on their core business which is Infrastructure.
AWL Agri Business Ltd 88% of the share was hold by Adani group’s ( ACL) Adani Commodities LLP and Wilmar International’s subsidiary Lence Pte Ltd. each having 44% where both had an agreement to sell ACL’s share in AWL at a price which both companies could agree upon.
In January 2025 Adani group had sold 13.5% in AWL and recently sold another 20% and agreed to sell 259,935,721 shares and paid up equity share held by them to AWL Agri Business Ltd.
