Sale17 Jul 2025, 03:14 pm
Adani Commodities LLP to Sell Stake in AWL Agri Business Ltd to Lence Pte. Ltd.
AI Summary
Adani Commodities LLP (ACL) has agreed to sell up to 20.00% of its equity shares in AWL Agri Business Ltd (formerly known as Adani Wilmar Limited) to Lence Pte. Ltd., a wholly owned subsidiary of Wilmar International Limited. This agreement is part of a termination agreement that terminated an earlier agreement between ACL, Adani Enterprises Limited (AEL), and Lence. The sale will result in ACL completely exiting from the company, which will cease to be an associate company of ACL and AEL. The sale price is INR 275 per share, and the transaction is subject to 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.
- This sale is part of a termination agreement that terminated an earlier agreement between ACL, Adani Enterprises Limited (AEL), and Lence.
- The sale price is INR 275 per share.
- The transaction is subject to customary conditions precedents including Lence obtaining all applicable anti-trust approvals.
- ACL will completely exit from the company, which will cease to be an associate company of ACL and AEL.