Adani Commodities sells Adani Wilmar stake to Wilmar subsidiary Lence Pte

Adani Commodities LLP (ACL) announced the sale of 168,958,219 equity shares, representing 13% of the issued and paid-up equity share capital of AWL Agri Business Limited (AWL), to Lence Pte Ltd on November 18, 2025. Lence Pte Ltd, a subsidiary of Wilmar International Limited, acquired these shares at a price of INR 275 per equity share as an inter-se transfer between promoter group entities.

Prior to the sale, ACL held 259,935,721 shares (20.00% of total share capital), which decreased to 90,977,502 shares (7.00%) after the transaction. Concurrently, Lence Pte Ltd's holding increased from 571,019,435 shares (43.94%) to 739,977,654 shares (56.94%), effectively consolidating a larger stake within the promoter group.

The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, following a prior disclosure on November 5, 2025, which indicated an agreement to acquire up to 259,935,721 equity shares. The total diluted share/voting capital of AWL Agri Business Limited remains at 1,30,40,74,215 equity shares of INR 1/- each.