Wilmar Tightens Grip on AWL with ₹7,150 Cr Stake Buy, Adani Group Exits FMCG

Wilmar International is making a strategic move to deepen its footprint in India’s agribusiness sector. Here's the key breakdown:

Deal Overview

• Acquirer: Wilmar International, via its subsidiary Lence Pte Ltd
• Target: AWL Agri Business Ltd (formerly Adani Wilmar Ltd)
• Stake: Up to 20% (minimum 11%) of paid-up equity
• Valuation: ₹7,150 crore at ₹275 per share

Ownership Shift

• Wilmar currently holds 43.94% in AWL.
• Post-acquisition, its stake will rise to between 54.94% and 63.94%, making it the majority shareholder.

Adani Group’s Exit Strategy

• Adani Group is exiting the FMCG business to focus on infrastructure.
• Already sold:
• 13.51% stake in Jan 2025 for ₹4,855 crore
• 20% stake in July 2025 to Wilmar
• Plans to divest the remaining 10.42%, completing a full exit

Regulatory Filing

Wilmar has filed with the Competition Commission of India (CCI) under Section 5(a) of the Competition Act, 2002.

The parties assert no competition concerns and no need for market delineation

This move not only consolidates Wilmar’s control over AWL but also signals a broader pivot in India’s agribusiness landscape.