Adani sells remaining 7% stake in AWL in block deal

Adani Group has offered its remaining 7% stake in Adani Wilmar Ltd in a block deal that attracted robust institutional demand.

Domestic mutual fund homes, together with Vanguard, Charles Schwab, ICICI Prudential MF, SBI Mutual Fund, Tata MF, Quant MF, and Bandhan MF, purchased the stake, in accordance with folks conversant in the transaction.

Several worldwide buyers from Singapore, the UAE, and different Asian markets additionally purchased into the clean-out block.

Market sources add that Wilmar’s long-term institutional companions comparable to GIC are anticipated to extend their publicity to AWL because the promoter construction stabilises.

Earlier this week, the Adani Group had offered 13% stake in AWL to deliver its publicity all the way down to 7%.

AWL Agri Business Ltd (previously Adani Wilmar Ltd) has accomplished a serious shareholder reshaping after Adani Enterprises totally exited its 44% stake, together with the ultimate 7% clean-out block positioned on November 20 at ₹275 per share.

The complete realisation for Adani Enterprises stands at ₹15,707 crore.

With the total exit now full, Singapore-based Wilmar International turns into the only promoter with an estimated 57% holding, giving AWL a transparent multinational possession profile.

AWL, which markets the “Fortune” model— India’s largest edible oil franchise— additionally operates an built-in meals staples enterprise throughout wheat flour, rice, pulses, and ready-to-cook merchandise.

Analysts notice that the corporate’s enterprise fundamentals stay robust, supported by Wilmar’s international sourcing community and AWL’s deep home distribution.

Despite this, the inventory trades close to its lowest ranges since its 2022 IPO, following a protracted section of stake-sale associated uncertainty and commodity-driven volatility.

With the Adani overhang now totally eliminated and possession concentrated with a single multinational promoter, analysts see potential for a technical rebound and valuation re-rating.

The broadened institutional base created by the current placements can also be anticipated to enhance buying and selling stability and long-term investor participation.

AWL now enters a brand new section as an MNC-controlled meals and staples firm, with international capital flows anticipated to play a bigger position in shaping its investor profile going ahead.