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Adani to exit Wilmar JV
Financial Express Kochi
|July 18, 2025
Long Association to End
THE ADANI GROUP will fully exit AWL Agri Business for ₹10,874 crore, it said on Thursday, ceding control to its Singapore-based joint venture partner Wilmar International.
The latter's stake in AWL Agri, formerly Adani Wilmar, will rise to 64%, bringing to an end one of the longest-running joint ventures in India. The JV, which began in 1999, saw both Adani and Wilmar hold nearly 44% each in the company.
Adani Commodities, which holds a 30.42% stake in the company, will sell 20% stake to Wilmar unit Lence for ₹7,150 crore at ₹275 a share. The balance 10.42% will be sold to "a set of pre-identified investors", Adani Enterprises, the flagship company of the Adani Group, said, without specifying who these investors were.
Esta historia es de la edición July 18, 2025 de Financial Express Kochi.
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