Adani Group
Shock move: Adani dumps remaining 7% in AWL agri business in mega block deal!
Mumbai/IBNS: In a bold move, Adani Group has sold its remaining 7% stake in AWL Agri Business, formerly Adani Wilmer, media reports said.
Adani Group made the exit from the edible oil major with a block deal to divest its remaining holdings.
The floor price for the trade was fixed at Rs. 275.50 per share, Business Today reported.
Adani Group had sold 13 percent stake in AWL earlier this week.
With this move, the Adani Group has now withdrawn from the FMCG sector to concentrate the funds into its core business of infrastructure.
The move comes after months of speculation over whether the group would streamline its portfolio and focus more sharply on core infrastructure, energy and logistics businesses.
After the exit of Adani Group, Singapore-based Wilmar International held 57 percent in AWL to become the sole promoter.
Adani Group's move has impacted the share prices of AWL Agri Business which saw a sell off in the stock market.
AWL's share prices fell 3.7% on BSE Sensex to crash to an intraday low of Rs. 266.45.
The Adani Group has not detailed specific reasons behind the divestment, but the move aligns with its ongoing recalibration following global business shifts and domestic regulatory scrutiny.
With this exit, stakeholders now await clarity on AWL’s future roadmap, while analysts say the development underscores the Adani Group’s renewed focus on long-term infrastructure-led growth.
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