Adani Commodities to Sell 20% Stake in Adani Wilmar via OFS
ECONOMY & POLICY

Adani Commodities to Sell 20% Stake in Adani Wilmar via OFS

Adani Commodities LLP, a promoter of Adani Wilmar (AWL), is planning to offload up to 20 per cent of its stake in the company through an Offer for Sale (OFS), scheduled to open on January 10, as per a filing made by the company on Thursday.

The company will sell 175.4 million shares, which represent 13.5 per cent of AWL’s equity, exclusively on T Day for non-retail investors. The OFS also includes an oversubscription option, allowing the sale of an additional 84.4 million shares, equating to a 6.5 per cent stake.

The floor price for the OFS has been set at Rs 275, which offers a 15 per cent discount on the current market price.

Non-retail investors will be able to bid on T Day, with the option to carry forward unallotted bids to January 13 (T+1 Day) for potential allocation in the retail category. Retail investors can place bids on T+1 Day if the oversubscription option is exercised. Additionally, 25 per cent of the offer is reserved for mutual funds and insurance companies, and 10 per cent is allocated for retail investors.

The allocation will be made at or above the offer price, and retail investors will have the option to bid at the cut-off price, as confirmed by the company.

This OFS follows Adani Enterprises (AEL)'s announcement that it will fully exit its joint venture with Wilmar International in AWL. The exit is expected to generate over $2 billion, which AEL plans to reinvest into its core infrastructure platforms.

Lence Pte, a subsidiary of Wilmar, will acquire up to 31.06 per cent of AWL's shares from Adani Commodities.

In addition, AEL will divest another 13 per cent stake to comply with public shareholding norms, marking its complete exit from its 44 per cent stake in AWL.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Adani Commodities LLP, a promoter of Adani Wilmar (AWL), is planning to offload up to 20 per cent of its stake in the company through an Offer for Sale (OFS), scheduled to open on January 10, as per a filing made by the company on Thursday. The company will sell 175.4 million shares, which represent 13.5 per cent of AWL’s equity, exclusively on T Day for non-retail investors. The OFS also includes an oversubscription option, allowing the sale of an additional 84.4 million shares, equating to a 6.5 per cent stake. The floor price for the OFS has been set at Rs 275, which offers a 15 per cent discount on the current market price. Non-retail investors will be able to bid on T Day, with the option to carry forward unallotted bids to January 13 (T+1 Day) for potential allocation in the retail category. Retail investors can place bids on T+1 Day if the oversubscription option is exercised. Additionally, 25 per cent of the offer is reserved for mutual funds and insurance companies, and 10 per cent is allocated for retail investors. The allocation will be made at or above the offer price, and retail investors will have the option to bid at the cut-off price, as confirmed by the company. This OFS follows Adani Enterprises (AEL)'s announcement that it will fully exit its joint venture with Wilmar International in AWL. The exit is expected to generate over $2 billion, which AEL plans to reinvest into its core infrastructure platforms. Lence Pte, a subsidiary of Wilmar, will acquire up to 31.06 per cent of AWL's shares from Adani Commodities. In addition, AEL will divest another 13 per cent stake to comply with public shareholding norms, marking its complete exit from its 44 per cent stake in AWL.

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000