Lence pte. ltd. to increase stake in Adani Wilmar to 63.94%

Lence Pte. Ltd. ("Acquirer"), a Singapore-based promoter entity of Adani Wilmar Limited, has agreed to acquire up to 259,935,721 equity shares, representing 20.00% of the existing paid-up equity share capital of Adani Wilmar Limited ("Target Company"). This acquisition will be made from Adani Commodities LLP ("Seller"), also a member of the promoter and promoter group of the Target Company, through an inter-se transfer. The transaction is slated to occur on or after November 12, 2025, with shares acquired at a price of INR 275 per equity share.

This inter-se transfer follows a series of disclosures related to encumbrances on Adani Wilmar shares. On July 17, 2025, Lence, Adani Commodities LLP, and Adani Enterprises Limited terminated an earlier agreement, paving the way for this share purchase agreement. Lence Pte. Ltd.'s pre-transaction shareholding in Adani Wilmar Limited stands at 571,019,435 shares (43.94%), which will increase to up to 830,955,156 shares (63.94%) post-transaction.

Adani Commodities LLP, which held 259,935,721 shares (20.00%) pre-transaction, will hold up to 0 shares (0.00%) after the transfer. This acquisition is being undertaken under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which exempts it from requiring an open offer.