Adani Sells AWL Stake; Wilmar Gains Control

Adani Group has fully exited AWL Agri Business (formerly Adani Wilmar Ltd) by selling its remaining 30.42% stake, of which 20% went to Wilmar International and 10.42% went to institutional and strategic investors, for a total of about Rs 15,729 crore. This move ends a joint venture partnership formed in 1999 and is part of Adani's shift toward its core infrastructure businesses, including airports, green hydrogen, roads, and copper. Wilmar International now holds approximately 64% of AWL, making it the company's controlling shareholder. The sale process also included earlier Offer for Sale tranches to meet regulatory requirements for minimum public shareholding. All legacy agreements between Adani and Wilmar have been terminated with this exit. AWL will now operate under Wilmar’s majority control.