Adani Group to Sell Stake in AWL Agri Business Via ₹2,500 Crore Block Deal

The diversified Adani Group has initiated a block deal worth about ₹2,500 crore to offload its remaining shares in AWL Agri Business (formerly Adani Wilmar), marking a full exit from the company, according to a Moneycontrol report. Adani Commodities LLP, a subsidiary of Adani Enterprises, has launched a clean-up trade to divest its remaining 7% stake in AWL Agri.”

The floor price for the transaction has been set at ₹275 per share, roughly a 0.6% discount to the previous closing price.

The global investment bank Jefferies is advising on the block deal. Earlier this week, the Adani Group, which previously held a 20% stake in AWL Agri Business, sold 13% to a Wilmar International Ltd subsidiary through an off-market transaction valued at ₹4,646 crore. The earlier sale, followed by the current plan to dispose of the remaining shares, aligns with the conglomerate’s broader strategy to exit the FMCG space and refocus on its core infrastructure businesses. 

Also Read: Max Financial Services Block Deal: Max Ventures Set to Offload 0.46% Stake

AWL Agri Business Management Take on Q2FY26 Earnings

Commenting on the results, Mr. Angshu Mallick, MD & CEO, AWL Agri Business Ltd. (formerly known as Adani Wilmar Ltd.) said: “Consumer demand remained below expectations through the fiscal year, leading to lower-than planned volume growth. Nevertheless, the Company demonstrated agility in navigating external challenges, delivering a 7% sequential increase in sales volumes in Q2 over Q1. The Company recorded revenue of INR 17,605 crores, growing by 22% YoY, with an underlying volume growth of 2% YoY. 

Realization in edible oils business was higher due to YoY increase in the commodity prices, which also led to the softening of consumer demand in edible oils. We continued to deliver healthy profits on LTM basis in Sep ’25 recording an operating EBITDA of INR 2,328 crores and PAT of INR 1,084 crores. Our focus on improving the profitability in the Food & FMCG segment has led to highest-ever PBT of 132 crores in H1, with PBT margin of 4.3%. In the rice business, we delivered a strong turnaround in this financial year, achieving 30%+ volume growth in our branded Basmati business in both Q1 and Q2, along with improved overall profitability in the rice portfolio.

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