Adani Enterprises exits AWL Agri Business associate status

Adani Enterprises Limited (AEL) has informed the stock exchanges that on November 19, 2025, it terminated its shareholders' agreement with Lence Pte. Ltd. and AWL Agri Business Limited (AWL). This termination follows a share purchase agreement from July 17, 2025, where Lence agreed to purchase a significant stake in AWL from Adani Commodities LLP (ACL), a wholly owned subsidiary of AEL. The initial agreement involved Lence acquiring between 11.00% and 20.00% of AWL's equity share capital at INR 275 per share.

Subsequently, on July 18, 2025, ACL sold 135,482,400 equity shares (10.42%) of AWL via a block deal. On November 19, 2025, ACL further divested 168,958,219 equity shares (13%) of AWL to Lence through an off-market transaction. As a result of these transactions and the termination agreement, AWL has ceased to be an associate of Adani Enterprises Limited.

Post-transaction, ACL's shareholding in AWL has been reduced to 90,977,502 equity shares, representing 7.00% of the issued and paid-up share capital, down from 20.00%. Lence now holds 739,977,654 equity shares, or 56.94% of AWL. Both ACL and Lence are identified as promoters in AWL.