Adani Enterprises has officially exited AWL Agri Business. On July 17, the company confirmed the sale of its remaining 20% stake to Singapore-based Wilmar International. The deal, done at ₹275 per share, brought in ₹7,150 crore. With this, Wilmar becomes the majority owner with 65% stake in AWL Agri.
This follows a 13.5% stake sale in January 2025 at the same price. Together, these moves show Adani Enterprises is serious about shifting its focus.
Why the Exit?
Back in December 2024, Adani Enterprises had announced its plan to move out of the joint venture with Wilmar. The company said it wanted to focus more on its core sectors like energy, transport, logistics, and other key industries.
As part of this plan, Adani Commodities LLP, a unit of Adani Enterprises, also agreed to sell its remaining 10.42% stake. But this part of the deal is going to a set of pre-identified investors arranged by Wilmar.
Wilmar’s unit, Lence, will now work to bring in new strategic partners to complete the transition.
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AWL Agri on the Rise
Even as the ownership changes, AWL Agri Business (formerly Adani Wilmar) is doing well. Its shares rose over 5% after the deal. The company saw record-high revenue thanks to better performance in the edible oil segment and strong expansion plans.
While market experts had mixed views on the recent earnings, investors seemed happy. The stock’s movement showed confidence in Wilmar’s future plans for the company.
Historic Partnership Comes to an End
Adani Enterprises and Wilmar have worked together since 1999. But now, all old agreements between the two have officially ended. This marks the close of a long joint venture that helped shape the edible oil and agri market in India.
The full exit also shows Adani’s shift in strategy. The group now wants to “turbocharge” investments in its key infrastructure sectors.
What’s Next for Adani Enterprises?
The funds raised — nearly ₹12,000 crore between the January and July deals — will likely go into major projects in power, logistics, and related areas. It’s a bold move, but one that matches Adani’s big-picture thinking.
This isn’t just a stake sale. It’s a clear signal that Adani Enterprises is now ready to double down on what it does best.
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