Adani Team has exited by way of promoting all of the stake in AWL Agri trade. Underneath this, some stake was once offered in January this yr. After that, on July 17, the crowd offered Singapore’s Wilmer Global and 20 p.c stake for Rs 7150 crore on the fee of Rs 275 in line with proportion. After this, on July 18, Adani Commodities LLP additionally offered the remainder 10.42 p.c stake within the block deal for Rs 3732 crore. The deal happened via transactions within the open marketplace. Adani Commodities LLP is a subsidiary of Adani Enterprises.
The previous identify of AWL Agri Trade Restricted was once Adani Wilmer Restricted. Adani is a three way partnership of Wilmer Restricted, Adani Team and Wilmer Global. AWL Agri Trade sells fit to be eaten oil and different meals merchandise beneath the Fortune logo.
Consistent with information from Bulk Deal on BSE, Adani Commodities LLP on Friday offered a complete of 13,54,82,400 fairness stocks in 11 installments in 11 installments. This selection of stocks is the same as 10.42 p.c stake within the corporate. The overall worth of this transaction was once round Rs 3,732.54 crore. The deal happened at a mean worth of Rs 275.50 in line with proportion.
Who was once the patron of this stake
Dubai -based Shajit Funding FZCO purchased greater than 11.07 crore fairness stocks or 8.52 p.c stake in AWL Agri trade for Rs 3,049.99 crore. Quant Mutual Fund (MF), IDFC MF, Bandhan MF, Jupiter Fund Control, Morgan Stanley Asia Singapore, USA in The usa, Sanskwhanna Global Team, Franklin Templeton, Leading edge and Duro Capital in Singapore additionally purchased stocks.
The stake in January got here on the market
Previous in January 2025, the Be offering for Sale (OFS) was once introduced by way of Adani Enterprises on the market in AWL Agri Trade. The bottom be offering was once 13.5 p.c stake (17.54 crore stocks). Additionally, there was once an possibility of overdosboskripulation as much as 1.96 crore stocks (1.51 p.c). It was once stated that the overall selection of stocks positioned within the be offering shall be as much as 19.50 crore (15.01 p.c). The proportion gross sales had been additionally finished at a ground worth of Rs 275 in line with proportion within the OSS.
Adaani Enterprises introduced to go out the AWL Agri Trade or Adani Wilmer in December 2024 by way of promoting a complete 43.94 p.c stake. It was once stated that the stake sale shall be finished in two stages. Underneath the primary segment, Adani Enterprises will promote about 13% stocks within the Adani Wilmer to agree to the minimal public shareholding necessities. For the second one segment, Adani Enterprises, Adani Commodities LLP and Wilmer Global’s subsidiary Lens entered into an settlement. It was once stated that beneath the settlement, Lens, Adani Commodities will purchase the fairness stocks of Adani Wilmer with LLP. This acquire would be the final 31 p.c stake.
Brokerage argument on proportion
The corporate’s inventory closed at Rs 274.60 on BSE on 18 July. For the inventory, ICICI Direct has retained a goal worth of Rs 360 in line with proportion with a ‘bye’ ranking. Nuwama has given a goal worth of Rs 397 in line with proportion with ‘bye’ ranking. The corporate’s marketplace cap is as regards to Rs 35700 crore.
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