Adani Commodities LLP to Sell Up to 20% Stake in AWL Agri Business Ltd to Lence Pte Ltd

AWL Agri Business Ltd has disclosed that Adani Commodities LLP (ACL) and Lence Pte Ltd have agreed to execute a share purchase agreement (SPA). Under the terms of the SPA, Lence has agreed to purchase up to a maximum of 259,935,721 equity shares representing up to 20.00% of the issued and paid-up equity share capital of the Company held by ACL. The final number of equity shares will be determined by Lence in its absolute discretion. The Sale Shares will be purchased at a price per Sale Share of INR 275, payable by Lence to ACL in accordance with the terms set out in the SPA. The transaction has received approval from the German Federal Cartel Office on September 2, 2025, and is subject to satisfaction of other conditions precedent as set out in the SPA.