Adani Wilma
Adani sells 13% AWL Agri stake to Wilmar unit as part of major divestment
Adani group has sold an additional 13 per cent stake in AWL Agri Business Ltd (formerly Adani Wilmar Ltd) to a subsidiary of Wilmar International through an off-market transaction. Adani Commodities LLP sold 16.9 crore (13 per cent) shares in AWL to Lence Pte Ltd, a subsidiary of Wilmar International, according to a regulatory filing. The sale is part of the broader stake-divestment plan announced earlier this year, under which Wilmar agreed to acquire between 11 per cent and 20 per cent of AWL Agri Business at a price of Rs 275 per share. While the filings by Adani Enterprises Ltd, the flagship firm of Adani group and the parent of ACL, as well as AWL did not discover the sale price, going by Rs 275 apiece, the acquisition cost comes to Rs 4,646 crore. ACL held 20 per cent in AWL. After the sale, it now holds 9.09 crore or 7 per cent of AWL. After buying 13 per cent, Lence now holds 56.94 per cent of AWL. As part of the transaction framework, Adani Enterprises Limited (AEL) and
 "Adani sells 13% AWL Agri stake to Wilmar unit as part of major divestment")
Adani Wilmar IPO subscribed 1.13 times on the second day of offering
The IPO of up to Rs 3,600 crore is in a price range of Rs 218-230 per share
 "Adani Wilmar IPO subscribed 1.13 times on the second day of offering")
Adani Wilmar sees good year for oilseeds
The company also expects to improve plant performance
 "Adani Wilmar sees good year for oilseeds")
