FMCGPre-market
AWL Agri Business shares drop 6% after Adani stake sale
pre-market1 source ↓written by the desknot a recommendation
- today
- 6%
- after the Adani
- ₹266.45
- sold its remaining
- 7% stake
- This transaction involved
- 1.70 crore shares
- now stands
- ₹34,629 cr
Shares of AWL Agri Business Ltd fell 6% today, closing at ₹266.45 after the Adani Group sold its remaining 7% stake. This transaction involved 1.70 crore shares, nearly three times the two-week average, indicating a significant block deal. The market cap now stands at ₹34,629 cr. 📉
The exit of Adani leaves Wilmar International as the sole promoter, potentially impacting investor sentiment and market dynamics in the FMCG sector.
Not investment advice. For informational purposes only.