Adani Wilmar acquires 80% stake in G.D. Foods

Adani Wilmar (BSE:AWL) announced today that it has acquired 80% of the issued and paid-up equity share capital of G.D. Foods Manufacturing (India) Private Limited, effective April 16, 2025. The acquisition, initially disclosed on March 4, 2025, follows the terms of a Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA), in accordance with SEBI LODR Regulations. The move positions G.D. Foods as a subsidiary of Adani Wilmar. The remaining 20% stake is slated for acquisition by FY 2028-29. The initial decision was made with the board of directors to acquire 100% of the issued and paid up equity share capital of G.D. Foods Manufacturing (India) Private Limited in multiple tranches at a price per share arrived at the basis of an agreed enterprise value for each tranche.