Adani Enterprises to Fully Exit Adani Wilmar in $2bn Deal
Adani Enterprises Ltd announced its decision to exit its 44% stake in Adani Wilmar, shifting its focus to infrastructure. The exit will occur in two phases: first, through a stake sale to Wilmar International’s subsidiary, Lence, and second, via a partial divestment to meet public shareholding requirements.
In a deal signed on December 30, 2024, Lence Pte Ltd will acquire up to 31.06% of Adani Wilmar's equity shares, currently held by Adani Commodities LLP, a subsidiary of Adani Enterprises. The transfer will occur through a call or put option mechanism.
Additionally, Adani Enterprises will divest about 13% of its shares in Adani Wilmar to ensure compliance with public shareholding norms. As of December 27, 2024, Adani Wilmar's market capitalisation stood at Rs 42,785 crore.
This transaction is expected to provide funds for Adani Enterprises to invest in its core infrastructure sectors such as energy, transport, and logistics.
Related Stories
Adani Infra Seeks CCI Nod for PSP Projects Stake Acquisition
The deal involves Adani Infra acquiring equity shares of PSP Projects.
Adani Defence to Acquire Majority Stake in Air Works for Rs 400 Cr
The existing shareholders of Air Works include Punj Lloyd, GTI Capital, and the Menon family.
Page {{currentPage}} of {{pageCount}}
{{copy}}