Adani Enterprises Ltd (AEL) announced on Thursday that it has agreed to sell a 20 per cent stake in AWL Agri Business Ltd to Lence Pte Ltd a part of Wilmar International. The deal is priced at Rs. 275 per share and the total value of the sale is Rs. 7150 crore. With this move Wilmar will now become the majority owner of AWL holding 64 per cent of the company. Right now Adani Commodities LLP a unit of AEL owns 30.42 per cent of AWL. This sale is part of Adanis ongoing plan to sell its entire 44 per cent stake in AWL and exit the FMCG (fast-moving consumer goods) business that it had jointly run with Wilmar. Agreement between Adani Commodities LLP and Lence Pte. Ltd In December 2024 Adani Commodities LLP (ACL) and Lence Pte. Ltd a part of Wilmar International from Singapore signed an agreement. As part of this deal both sides gave each other the option to buy or sell Adani’s shares in Adani Wilmar Limited (AWL) at a later date. They agreed on a price cap of Rs. 305 per share. At that time both companies owned 44 per cent each in AWL together holding 88 per cent of the company. In January 2025 Adani sold 13.5 per cent of its shares in AWL for Rs. 276.51 per share raising Rs. 4855 crore. This was done to follow rules that require more of the company’s shares to be held by the public. After that sale Adani still held around 30.42 per cent in AWL. Now out of this Adani plans to sell 11 per cent to 20 per cent to Lence. The rest will be offered to strategic partners and investors that Wilmar brings in. The final 10.42 per cent of Adani’s stake will also be sold to selected investors before the deal with Lence is finished. Once all these sales are done Adani will completely exit AWL. That means AWL will no longer be linked to Adani Enterprises in any official way. (With IANS inputs)