Adani Group Completes Full Exit from AWL Agri for ₹15,707 Cr

Post by : Bianca Suleiman

In a significant shift in the market, the Adani Group has finalized its complete exit from AWL Agri Business (previously known as Adani Wilmar Ltd) by unloading its remaining 7% stake in a major block transaction. This marks the conclusion of Adani's structured departure from India's leading edible oil brand.

The transaction was facilitated by Adani Commodities LLP and attracted considerable institutional interest, with shares priced at ₹275.50. Market analysts estimate the deal's worth to be between ₹2,300 crore and ₹2,400 crore, based on the current market capitalization of the company. Jefferies acted as the intermediary in this clean-up trade.

Following this deal, there was significant trading activity. Nearly 6.6% of AWL Agri’s shares changed hands in several block deals, which led to a 3.7% intraday decline, bringing the stock price down to ₹266.45. This latest sale officially culminates the Adani Group's gradual exit from the firm.

Earlier this week, Adani had divested 13% to a subsidiary of Wilmar International in an off-market transaction valued at ₹4,646 crore. Consequently, the total revenue from Adani Enterprises' exit now amounts to ₹15,707 crore when including Friday's block deal.

The buyers included local mutual funds such as SBI MF, ICICI Prudential MF, Tata MF, Quant MF, and Bandhan MF, alongside international institutional investors from regions like Singapore and the UAE.

With the final share transfer completed, Wilmar International, based in Singapore, now holds the position of the sole promoter of AWL Agri, boasting an estimated 57% stake. This transition enhances AWL Agri’s stature as a global player in the food and FMCG sectors.

AWL Agri is renowned for its flagship “Fortune” edible oil brand and offers a diverse product range, including wheat flour, rice, pulses, and ready-to-cook items. In its financial performance for the September quarter, the company reported a 21% decrease in consolidated net profit to ₹244.85 crore, even as revenues rose to ₹17,525.61 crore from ₹14,552.04 crore a year prior.

The stock of AWL Agri has exhibited mixed trends. It has declined by 15% over the last year but has seen limited gains in recent months—3.5% in six months, 3.7% in three months, and 3% in the past month. It reached a 52-week peak of ₹337 in December 2024, with a low of ₹231.55 in February 2025.

The conclusion of Adani’s exit signifies a meaningful transformation in the ownership dynamics, consolidating full control under Wilmar as AWL Agri gears up for its next growth phase.