Deals19 Nov 2025, 02:11 pm
Adani Enterprises Sells 13% Stake in AWL Agri Business to Lence Pte. Ltd.
AI Summary
Adani Enterprises Ltd. has sold 13% of the issued and paid-up equity share capital of AWL Agri Business Limited to Lence Pte. Ltd., a wholly owned subsidiary of Wilmar International Limited. This sale is pursuant to a termination agreement that terminates the shareholders’ agreement dated April 12, 1999, and the Inter-se Agreement dated July 30, 2021. Post-transaction, ACL holds 7.00% and Lence holds 56.94% of AWL’s issued and paid-up share capital. AWL is no longer an associate of Adani Enterprises Ltd.
Key Highlights
- Adani Enterprises Ltd. sells 13% stake in AWL Agri Business Limited to Lence Pte. Ltd.
- Sale is pursuant to a termination agreement that terminates the shareholders’ agreement dated April 12, 1999, and the Inter-se Agreement dated July 30, 2021.
- Post-transaction, ACL holds 7.00% and Lence holds 56.94% of AWL’s issued and paid-up share capital.
- AWL is no longer an associate of Adani Enterprises Ltd.