Adani Group Completes Exit from Adani Wilmar: Wilmar International Becomes Sole Promoter with 57% Stake

The Adani Group has completed the divestment of its remaining 7% stake in Adani Wilmar Ltd through a block deal that garnered significant institutional interest.

New Delhi:

Adani Group has successfully divested its final 7% ownership in Adani Wilmar Ltd via a block deal that attracted substantial institutional demand.

The stake was acquired by various domestic mutual fund houses including Vanguard, Charles Schwab, ICICI Prudential MF, SBI Mutual Fund, Tata MF, Quant MF, and Bandhan MF, according to sources familiar with the transaction.

Several international investors from Singapore, the UAE, and other Asian markets also participated in this clean-out block sale.

Market sources indicate that Wilmar's established institutional partners such as GIC are anticipated to enhance their position in AWL as the promoter structure stabilizes.

Earlier this week, the Adani Group had reduced its exposure by selling a 13% stake in AWL, bringing its holding down to 7%.

AWL Agri Business Ltd (formerly Adani Wilmar Ltd) has undergone a significant shareholder restructuring following Adani Enterprises' complete exit from its 44% stake, with the final 7% clean-out block placed on November 20 at Rs 275 per share.

Adani Enterprises has realized a total of Rs 15,707 crore from this divestment.

With the complete exit now finalized, Singapore-based Wilmar International becomes the sole promoter with an estimated 57% holding, giving AWL a distinct multinational ownership profile.

AWL, which markets the "Fortune" brand – India's largest edible oil franchise – also operates an integrated food staples business spanning wheat flour, rice, pulses, and ready-to-cook products.

Analysts observe that the company's business fundamentals remain robust, supported by Wilmar's global sourcing network and AWL's extensive domestic distribution.

Despite these strengths, the stock trades near its lowest levels since its 2022 IPO, following an extended period of uncertainty related to stake sales and commodity-driven volatility.

With the Adani overhang now completely removed and ownership consolidated under a single multinational promoter, analysts anticipate potential for a technical rebound and valuation reassessment.

The expanded institutional investor base created by the recent placements is also expected to improve trading stability and long-term investor participation.

AWL now enters a new phase as an MNC-controlled food and staples company, with global capital flows expected to play a more significant role in shaping its investor profile moving forward.

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