Adani Enterprises Exits Adani Wilmar with Cash Realization of INR 15,729 Crores

Adani Enterprises Ltd. (AEL) has announced its exit from Adani Wilmar Ltd. (AWL) through a series of transactions. AEL's subsidiary, Adani Commodities LLP (ACL), sold 175,601,314 equity shares representing 13.51% of AWL's existing paid-up equity through an offer for sale process. Additionally, ACL agreed to sell not less than 142,964,647 equity shares and up to a maximum of 259,935,721 equity shares to Lence Pte. Ltd., a wholly owned subsidiary of Wilmar International Limited. Post these transactions, ACL will completely exit AWL, resulting in a cash realization of INR 15,729 crores for ACL, which is wholly owned by AEL.