Adani Enterprises sold its 13 per cent stake in AWL Agri Business (formerly Adani Wilmar) to Wilmar, Adani Enterprises said in an exchange filing. The company sold the stake in an off-market trade to Wilmar’s subsidiary Lence.
Last week, Adani Enterprise and Lence signed an agreement to acquire Adani Enterprise’s 13% stake in AWL Agri Business for Rs 4,650 crore. Upon the execution of the sale, the two companies signed the termination agreement, with Wilmar becoming the majority stakeholder of Adani Wilmar.
Adani Enterprises’ exit strategy
Earlier in July this year, Adani Enterprises announced that it would divest its 20 per cent stake in Adani Wilmar. The company said that it will sell its stake to the Singapore-based Wilmar International for Rs 7,150 crore. The deal was approved by the Competition Commission of India on November 11.
Earlier, Adani Enterprises said that its move to sell its stake in Adani Wilmar is part of its broader strategy to exit the FMCG segment and focus more on the infrastructure vertical, which is at the core of the company.
In the lasted move to strengthen its infrastructure portfolio, Adani Enterprises has become the preferred bidder and likely buyer for the troubled infrastructure company Jaiprakash Associates.
AWL Agri Business Q2 results
AWL Agri Business reported a 21 per cent YoY profit decline in the September quarter of FY26. The company reported a PAT of Rs 245 in Q2 FY26. The company said that the PAT decline in the quarter resulted from the high base in the previous quarter.
While the company reported a profit decline in the quarter, its revenue shot up 22 per cent YoY. AWL Agri Business reported a revenue of Rs 17,605 crore in Q2 FY26.