Adani Group sells 20% stake in AWL Agri Business to Wilmar in Rs 7,150 crore deal

Adani Group divested its 20% stake in AWL Agri Business Limited to Wilmar International for ₹7,150 crore at ₹275 per share, causing the stock to surge. This sale aligns with Adani's strategy to exit the FMCG sector, following a previous 13.5% stake sale in January. Wilmar International will now become the majority shareholder.