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

10 Jan 2025 CW Team

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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..