The Adani Group has started a big block deal worth around ₹2,500 crore to sell its remaining shares in AWL Agri Business (earlier known as Adani Wilmar). With this sale, the group aims to completely exit the company. This information has been shared by industry sources who spoke to Moneycontrol on condition of anonymity.
According to one source, Adani Commodities LLP, which is part of Adani Enterprises, has launched a “clean-out trade” to sell the last 7% stake it holds in AWL Agri. Another source confirmed that the minimum price for this block deal has been fixed at ₹275 per share, which is slightly lower—just 0.6%—than the last closing price. A third source added that the investment bank Jefferies is managing this entire block deal for the group.
When Moneycontrol reached out for an official statement, the Adani Group did not comment. Jefferies also did not respond immediately.
Earlier this week, the Adani Group held a total of 20% stake in AWL Agri Business. Out of that, it sold 13% to Wilmar International Ltd in an off-market deal worth ₹4,646 crore. This earlier sale was the first major step in reducing its stake in the company.
The decision to sell the remaining shares now is seen as part of the Adani Group’s broader plan to leave the FMCG sector completely. The group is expected to shift its main focus back to its core areas such as infrastructure, energy, ports, airports, and related businesses.
AWL Agri Business, which was earlier a joint venture between Adani Group and Wilmar International, is known for its food products such as edible oils, packaged food, and household essentials. With Adani Group’s exit, Wilmar International may now hold a stronger position in the business.
Industry experts believe that this step is part of Adani Group’s long-term strategy to simplify its business portfolio, reduce debt, and strengthen its main operations. The group has been realigning its investments over the past two years to focus more on infrastructure-led growth, which has always been its biggest strength.
This complete exit from AWL Agri Business marks another important move in that direction.
