Adani Enterprises completes exit from AWL Agri Business stake
pre-market1 source ↓written by the desknot a recommendation
- in AWL Agri
- 10.42% stake
- through multiple block
- ₹3,732 cr
- per share
- ₹275
- reflecting
- 0.63% discount
- promoter
- 57% holding
Adani Enterprises Ltd. successfully offloaded 10.42% stake in AWL Agri Business Ltd. for ₹3,732 cr through multiple block deals, attracting significant demand from investors including Vanguard Group and ICICI Prudential Mutual Fund. The floor price was set at ₹275 per share, reflecting a 0.63% discount. Following this transaction, Wilmar International has become the sole promoter with a 57% holding.
This move may enhance liquidity in the agri sector and signal strong investor confidence in AWL Agri's future.
Not investment advice. For informational purposes only.