Adani Enterprises to Fully Exit Adani Wilmar in $2bn Deal

31 Dec 2024 CW Team

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.

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