Adani Group to depart from shared agriculture venture AWL Agri with a substantial $1.3 billion transaction
On July 17, 2025, Adani Enterprises announced a significant move as they exit their joint venture with Wilmar, AWL Agri Business. The transaction, disclosed in an exchange filing, marks a strategic shift for Adani Enterprises towards refocusing on core infrastructure projects.
In the exit deal, Lence Pte Ltd, a wholly-owned subsidiary of Wilmar International, has acquired a 20% minority stake from Adani Commodities LLP for approximately ₹7,150 crore. This move strengthens Wilmar's position in the joint venture, increasing their ownership to up to 63.94%.
In addition, Dubai-based Shajaeatan Investment FZCO led a further stake acquisition, securing 8.52% ownership for ₹3,050 crore. This round of funding was supported by other investors including Quant Mutual Fund and IDFC Mutual Fund, marking a complete exit of Adani from AWL Agri Business.
The NSE Nifty responded to the news with a decline of 100.60 points, closing at 25,111.45, while the BSE Sensex dropped 375.24 points to settle at 82,259.24. The exact percentage of shares sold to the pre-identified investors, including Shajaeatan Investment FZCO, has not been specified.
Interestingly, Airtel subscribers were offered Perplexity Pro for free on the same day, providing a contrasting note to the market's response to the Adani-Wilmar deal.
The exact identity of the pre-identified investors, apart from Lence Pte Ltd and Shajaeatan Investment FZCO, remains undisclosed. It is worth noting that Adani Commodities will sell its shares to Lence at a price of 275 rupees each, a deal that values the joint venture at around $1.27 billion.
This news article does not directly provide new information about the specifics of the Adani and Wilmar joint venture deal. However, it highlights the strategic shift in focus for Adani Enterprises and the strengthening of Wilmar's position in the AWL Agri Business joint venture.
[^1^]: Source: The Economic Times [^2^]: Source: Mint [^3^]: Source: Business Standard [^4^]: Source: Livemint
- Adani Enterprises, following the exit from their joint venture with Wilmar, AWL Agri Business, intends to refocus on core infrastructure projects.
- The deal with Lence Pte Ltd, a subsidiary of Wilmar International, has enabled Wilmar to increase their ownership in the joint venture to up to 63.94% for approximately ₹7,150 crore.
- Shajaeatan Investment FZCO led a further stake acquisition, securing 8.52% ownership for ₹3,050 crore, resulting in a complete exit of Adani from AWL Agri Business.
- As a result of the news, the NSE Nifty and BSE Sensex exhibited a decline, closing at 25,111.45 and 82,259.24 respectively. Meanwhile, Airtel subscribers were offered a free subscription to Perplexity Pro on the same day.
