Deals17 Jul 2025, 03:12 pm
Adani Commodities LLP to Sell Stake in AWL Agri Business Ltd to Lence Pte. Ltd.
AI Summary
Adani Commodities LLP (ACL), a promoter of AWL Agri Business Ltd (formerly known as Adani Wilmar Limited), has agreed to sell up to 20.00% of its equity shares in the company to Lence Pte. Ltd, a wholly owned subsidiary of Wilmar International Limited. This sale will result in ACL completely exiting from the company, thereby ceasing to be its associate company and the associate of Adani Enterprises Limited. The transaction is expected to be completed after the satisfaction of customary conditions precedents, including Lence obtaining all applicable anti-trust approvals.
Key Highlights
- Adani Commodities LLP to sell up to 20.00% of its equity shares in AWL Agri Business Ltd to Lence Pte. Ltd.
- Lence to purchase between 11.00% and 20.00% of the issued and paid-up equity share capital of AWL Agri Business Ltd.
- Adani Commodities LLP to completely exit from AWL Agri Business Ltd.
- AWL Agri Business Ltd to cease to be the associate company of Adani Commodities LLP and Adani Enterprises Limited.
- Transaction subject to satisfaction of customary conditions precedents, including Lence obtaining all applicable anti-trust approvals.