+
CCI Clears Lence’s Stake Hike in AWL Agri Business
ECONOMY & POLICY

CCI Clears Lence’s Stake Hike in AWL Agri Business

The Competition Commission of India (CCI) has approved the proposed acquisition of between 11 per cent and 20 per cent shareholding in AWL Agri Business Limited by Lence Pte. Ltd.

AWL Agri Business Limited—formerly known as Adani Wilmar Limited—operates in the fast-moving consumer goods (FMCG) sector, with activities spanning edible oils, food products, and industrial essentials such as soaps and cleaning solutions.

Lence Pte. Ltd., the acquirer, is a wholly-owned subsidiary of Wilmar International Limited and forms part of the Wilmar Group, which does not have a direct business presence in India except through AWL Agri Business and Shree Renuka Sugars Limited (SRS). SRS is primarily engaged in the milling, refining, and sale of sugar.

Under the approved transaction, Lence Pte. Ltd. will acquire up to 20 per cent and not less than 11 per cent of the paid-up equity share capital of AWL Agri Business. The acquirer currently holds 43.94 per cent, and following the transaction, its total shareholding will rise to between 54.94 per cent and 63.94 per cent.

The CCI stated that a detailed order regarding the approval will be issued in due course.

The Competition Commission of India (CCI) has approved the proposed acquisition of between 11 per cent and 20 per cent shareholding in AWL Agri Business Limited by Lence Pte. Ltd. AWL Agri Business Limited—formerly known as Adani Wilmar Limited—operates in the fast-moving consumer goods (FMCG) sector, with activities spanning edible oils, food products, and industrial essentials such as soaps and cleaning solutions. Lence Pte. Ltd., the acquirer, is a wholly-owned subsidiary of Wilmar International Limited and forms part of the Wilmar Group, which does not have a direct business presence in India except through AWL Agri Business and Shree Renuka Sugars Limited (SRS). SRS is primarily engaged in the milling, refining, and sale of sugar. Under the approved transaction, Lence Pte. Ltd. will acquire up to 20 per cent and not less than 11 per cent of the paid-up equity share capital of AWL Agri Business. The acquirer currently holds 43.94 per cent, and following the transaction, its total shareholding will rise to between 54.94 per cent and 63.94 per cent. The CCI stated that a detailed order regarding the approval will be issued in due course.

Next Story
Infrastructure Transport

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

Next Story
Infrastructure Transport

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Next Story
Infrastructure Transport

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App