Adani Enterprises to Sell Entire ₹44% Stake in Adani Wilmar for ₹18,817 Crore

Adani Enterprises has announced an agreement to sell its entire 44% stake in the FMCG joint venture Adani Wilmar ( NSE: AWL). The stake will be sold in 2 phases, generating approximately ₹18,817 crore ($2.2 billion) for the Adani Group upon completion.

Details of the Sale

Ownership Structure and Agreement

Adani Group and Wilmar International, a Singapore-based agribusiness company, currently hold equal stakes of 43.94% in Adani Wilmar. As part of the agreement, Wilmar International’s subsidiary, Lence, will acquire Adani’s shares. The sale includes:

• 31.06% stake: Sold through a call or put option, raising ₹13,301 crore.
• Remaining 13% stake: Sold separately to comply with public shareholding norms, expected to generate over ₹5,500 crore.

Share Performance

As of 9:43 AM on December 31, Adani Wilmar share price stood at ₹304.85, reflecting a significant decline of ₹23.90 or 7.27% for the day. The stock opened at ₹310.00 and reached an intraday high of ₹314.35 before dipping to a low of ₹303.50.

Strategic Use of Proceeds

The funds raised will support Adani Enterprises’ investments in its core infrastructure sectors, including energy, utilities, transport, and logistics. This move aligns with the company’s goal of strengthening its position as a leading incubator for India’s growth-oriented industries.

About Adani Wilmar

Adani Wilmar Limited, based in Ahmedabad, is an Indian multinational company in the food and beverage industry. Established in 1999 as a joint venture between Adani Enterprises and Wilmar International, it is the largest palm oil processor in India.

Wilmar’s Expansion Plans

Wilmar aims to leverage growth opportunities in India’s rural markets and neighbouring countries like Bangladesh, Sri Lanka, and Pakistan. The company plans to fund the acquisition using internal resources and bank borrowings, with potential plans to onboard strategic investors.

Restructuring and Future Changes

As part of the deal, Adani Wilmar’s board will undergo changes, including the resignation of Adani Commodities’ nominee directors. The company will also consider rebranding to reflect the new ownership structure.

Background and Challenges

The sale comes amid allegations by US authorities accusing founder Gautam Adani and executives of bribery related to power supply contracts. The Adani Group has strongly denied these claims, calling them baseless.

This divestment marks a strategic shift for the Adani Group, enabling it to focus on its core infrastructure and renewable energy initiatives.

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