Adani Enterprises completes ₹4,646 cr stake sale in AWL
pre-market1 source ↓written by the desknot a recommendation
- in AWL Agri
- 13% stake sale
- ₹4,646 cr
- transaction involved
- 6.9 crore shares
- each
- ₹275
- of AWL
- 7%
Adani Enterprises' subsidiary, Adani Commodities LLP, has completed a 13% stake sale in AWL Agri Business to Lence, a Wilmar International subsidiary, for ₹4,646 cr. This transaction involved over 6.9 crore shares at ₹275 each. Following the sale, Adani Commodities now holds 7% of AWL, while Lence controls 56.94%.
This stake sale reflects strategic realignment within the group and may influence market sentiment around Adani's future ventures.
Not investment advice. For informational purposes only.