Adani‍‌‍‍‌‍‌‍‍‌ Group Fully Exits AWL After Selling Remaining 7 Percent Stake

New Delhi, Nov 21, 2025: Adani Group has finally completed its exit from Agri Business Ltd., formerly known as Adani Wilmer Ltd., by selling its remaining 7 percent stake through a block deal that attracted a lot of institutional buyers.

Global and Local Investors Are Ready to Take Over

The deal saw strong participation from domestic mutual fund houses, including Vanguard, Charles Schwab, ICICI Prudential Mutual Fund, SBI Mutual Fund, Tata Mutual Fund, Quant Mutual Fund, and Bandhan Mutual Fund. In addition to these domestic players, several international investors from Singapore, the UAE, and other Asian markets also took part in the clean-out block subscription. Market sources indicate that long-term global institutions, including GIC, are likely to increase their stake once the promoter structure stabilises.

Complete Exit at ₹ 275 per Share

Earlier this week, the Adani Group sold 13% of its holdings, leaving just 7% remaining. The final tranche, offered on November 20 at ₹275 per share, marked the Group’s complete exit from the company, in which it held a 44% stake. The full exit brought Adani Enterprises ₹15,707 crore.

Wilmar Becomes the Only Promoter

After the withdrawal of Adani, Wilmar International, which is headquartered in Singapore, will be the only promoter of AWL with approximately 57 percent stake, thus the company will be a clear example of a multinational with one promoter.

Business Operations Remain Robust

AWL, formerly Adani Wilmar Ltd, is the company behind “Fortune,” India’s largest edible oil brand. Beyond edible oils, its operations span wheat flour, rice, pulses, and a range of ready-to-cook and food staple products, all supported by an integrated supply chain.

Market Context and Forward Outlook

The shares of the company have been trading close to the lowest levels since the IPO that took place in 2022. And as of 12:03 pm IST, the share price of AWL Agri Business Limited was trading down 2.49% at ₹ 269.85. This is due to a long period that has been marked by the sale of the promoter stake and volatility in commodities.

With the promoter transition complete and institutional ownership expanding, market participants believe the reshaped shareholding structure will enhance trading stability and attract long-term investors. AWL is on track to becoming a multinational-controlled food and staples company, and the growing interest from global institutions is expected to reshape its investor base in the coming years.

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