Post by : Badri Ariffin

In a major market development on Friday, the Adani Group completed its full exit from AWL Agri Business (formerly Adani Wilmar Ltd) after offloading its remaining 7% stake through a large block deal. This marks the final step in Adani’s structured withdrawal from India’s biggest edible oil brand franchise.

The sale was executed by Adani Commodities LLP and drew strong institutional interest, with shares priced at ₹275.50. Market estimates place the value of the transaction between ₹2,300 crore and ₹2,400 crore, based on the company’s current market capitalisation. Jefferies acted as the broker for the clean-up trade.

Heavy trading followed the deal. Nearly 6.6% of AWL Agri’s equity changed hands in multiple block transactions, pushing the stock down 3.7% intraday to ₹266.45. The fresh selling wave officially concludes the Adani Group’s phased exit from the company.

Earlier this week, Adani had already sold 13% to a Wilmar International arm in an off-market transaction worth ₹4,646 crore. With Friday’s block deal included, Adani Enterprises’ total realisation from its complete exit now stands at ₹15,707 crore.

Domestic mutual funds such as SBI MF, ICICI Prudential MF, Tata MF, Quant MF, Bandhan MF, along with global institutional investors from Singapore, the UAE, and other Asian regions, were among the active buyers.

Following the final stake transfer, Singapore-based Wilmar International becomes the sole promoter of AWL Agri with an estimated 57% holding. This strengthens AWL Agri’s position as a multinational food and FMCG player.

AWL Agri, best known for its flagship “Fortune” edible oil brand, also has a wide staples portfolio that includes wheat flour, rice, pulses, and ready-to-cook products. In its September quarter performance, the company reported a 21% drop in consolidated net profit to ₹244.85 crore, even as revenue climbed to ₹17,525.61 crore from ₹14,552.04 crore a year earlier.

AWL Agri’s stock shows mixed momentum. It is down 15% over the past year but has gained modestly in recent months—3.5% in six months, 3.7% in three months, and 3% in the last month. The stock touched a 52-week high of ₹337 in December 2024 and a low of ₹231.55 in February 2025.

The completion of Adani’s exit marks a significant reshaping of the company’s ownership structure, placing full control in the hands of Wilmar as AWL Agri prepares for its next phase of growth.

#Business News