Food09/24/2026@AgriDesk
Wilmar Signs Deal to Buy Up to 20% of AWL Agri Business From Adani
Wilmar InternationalNavrangpura, Ahmedabad, Gujarat 380009, India
Starts 07/17/2025 9:38AMCONFIRMED 88% CONFIDENCE1.2 years agoAWL's^[1] disclosure dated 17 July 2025 says the option agreement 'has been terminated on 17 July 2025' and the parties 'have entered into a share purchase agreement (“SPA”) on 17 July 2025'; it reached NSE at 15:08 IST.
Lence Pte agrees to buy between 11% and 20% of AWL Agri Business from Adani Commodities at Rs 275 a share, replacing the December option, while Adani places its other 10.42% with investors.
₹71.5B
0.86

Wilmar's announcement of 19 November 2025 (SGX stamp 12:17 SGT) says 'Lence has completed the acquisition of the Sale Shares. AWL is now an indirect 56.94%-owned subsidiary of Wilmar.'^[1]

Start: Nov 19, 202590% CONFIDENCEfrom the source

Wilmar Takes Control of AWL Agri Business With 13% Purchase From Adani

Lence Pte completes its purchase of 168,958,219 AWL Agri Business shares from Adani Commodities at Rs 275 each, about Rs 46.5 billion, making the Fortune maker a 56.94%-owned Wilmar subsidiary.

Lence Pte bought 168,958,219 AWL shares, 13% of the company, from Adani Commodities at Rs 275 each, taking Wilmar's holding from 43.94% to 56.94%^[1][4]
Wilmar chose 13% out of the 11%-20% range allowed by the July agreement, and put the consideration at INR 46.5 billion, about US$526.5 million^[4]
The Competition Commission of India approved the purchase on 11 November 2025, after China's market regulator had cleared it on 16 September^[5][6]
Wilmar expected a gain of about US$1.16 billion on the deemed disposal of an associate, and funded the purchase from internal sources and bank borrowings^[4]
The Adani-Wilmar shareholders' agreement was terminated, and the shares changed hands off-market^[2][3]

@AgriDesk

Cost ₹46.5B

References 687% CONFIDENCE

The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.

[1]90%
media-wilmar.todayir.com/2025111912172162985471_en.pdf
media-wilmar.todayir.com· Posted Sep 24, 2026· Starts Nov 19, 2025 ✓· 41% of score
Wilmar's announcement of 19 November 2025 (SGX stamp 12:17 SGT) says 'Lence has completed the acquisition of the Sale Shares. AWL is now an indirect 56.94%-owned subsidiary of Wilmar.'
[2]85%
Adani Enterprises disclosure, 21 November 2025
nsearchives.nseindia.com· Published Nov 21, 2025· 13% of score
Confirms the shareholders' agreement was terminated and the 13% was sold to Lence in an off-market transaction.^[1]
[3]75%
Adani sells 13% AWL Agri stake to Wilmar unit as part of major divestment (Business Standard)
business-standard.com· Published Nov 19, 2025· 12% of score
Reports the off-market sale of 16.9 crore shares and puts the cost at Rs 4,646 crore at Rs 275 a share.^[1]
[4]90%
Wilmar to acquire 13% of AWL Agri Business Limited from Adani Commodities LLP (SGX announcement)
media-wilmar.todayir.com· Published Nov 11, 2025· 12% of score
Lence issued its sale shares notice for 168,958,219 shares (13%) on 11 November; consideration INR 46.5 billion (about US$526.5 million), completion expected in November.^[1]
[5]90%
CCI approves proposed acquisition of 11% to 20% of shareholding of AWL Agri Business Limited by Lence Pte. Ltd.
pib.gov.in· Published Nov 11, 2025· 12% of score
Competition Commission of India approval, posted 11 November 2025 at 7:11 pm.^[1]

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Food09/24/2026@AgriDesk
Wilmar Signs Deal to Buy Up to 20% of AWL Agri Business From Adani
Wilmar InternationalNavrangpura, Ahmedabad, Gujarat 380009, India
Starts 07/17/2025 9:38AMCONFIRMED 88% CONFIDENCE1.2 years agoAWL's^[1] disclosure dated 17 July 2025 says the option agreement 'has been terminated on 17 July 2025' and the parties 'have entered into a share purchase agreement (“SPA”) on 17 July 2025'; it reached NSE at 15:08 IST.
Lence Pte agrees to buy between 11% and 20% of AWL Agri Business from Adani Commodities at Rs 275 a share, replacing the December option, while Adani places its other 10.42% with investors.
₹71.5B
0.86

Food09/24/2026@AgriDesk

Adani Sells Last 7% of AWL Agri Business, Completing Its Exit

Navrangpura, Ahmedabad, Gujarat 380009, India

Wilmar International

Adani Sells Last 7% of AWL Agri Business, Completing Its Exit

Starts 11/21/2025CONFIRMED 85% CONFIDENCE307 days agoAdani Enterprises: 'on November 21, 2025 ACL has sold 90,977,502 equity shares representing 7.00% ... by way of a Bulk Deal mechanism on the floor of the stock exchange.'^[1]

Adani Commodities sells its final 90,977,502 AWL Agri Business shares in a bulk deal on the exchange floor, leaving Wilmar as the Fortune maker's only promoter group.

0.84

Food09/24/2026@AgriDesk

Wilmar FY2025 Net Profit Rises 21% to US$1.41 Billion

Wilmar HQ, 28 Biopolis Road, Biopolis, Queenstown, Singapore 138568

Wilmar International

Wilmar FY2025 Net Profit Rises 21% to US$1.41 Billion

Starts 02/26/2026 9:19AMCONFIRMED 90% CONFIDENCE210 days agoThe release is datelined "Singapore, February 26, 2026" and the SGX filing was broadcast at 17:19:59 Singapore time.^[1]

A US$1.14 billion gain from taking control of India's AWL Agri Business outweighed Indonesian compensation, Chinese legal provisions and a Pakistan write-down; the dividend was cut to S$0.14.

0.80

Food09/24/2026@AgriDesk

Adani Wilmar Renamed AWL Agri Business

Navrangpura, Ahmedabad, Gujarat 380009, India

Wilmar International

Starts 03/17/2025CONFIRMED 88% CONFIDENCE1.5 years ago'The name of the Company has been changed from “Adani Wilmar Limited” to “AWL Agri Business Limited” w.e.f. 17th March, 2025 pursuant to the fresh certificate of incorporation dated 17th March, 2025.'^[1]

The maker of Fortune cooking oil drops the Adani name and becomes AWL Agri Business Limited under a fresh certificate of incorporation, as agreed in the Adani exit deal.

0.79

Food09/24/2026@AgriDesk

Wilmar Agrees to Buy Adani's 31% of Adani Wilmar as Adani Exits

Wilmar InternationalNavrangpura, Ahmedabad, Gujarat 380009, India

Starts 12/30/2024 9:43AMCONFIRMED 88% CONFIDENCE1.7 years agoWilmar's release is dated 'Singapore, 30 December 2024' and Adani Enterprises says the parties 'entered into an agreement on 30 December 2024'; its media release reached NSE at 15:13 IST that day.^[1]

Wilmar's Lence Pte signs an option to buy up to 31.06% of Adani Wilmar from Adani Commodities at no more than Rs 305 a share, while Adani sells about 13% to the public, ending the Adani half of the Fortune joint venture.

0.78

Food09/24/2026@AgriDesk

Adani Sells 13.5% of Adani Wilmar in Rs 275-Floor Offer for Sale

Wilmar InternationalNavrangpura, Ahmedabad, Gujarat 380009, India

Starts 01/10/2025 3:45AMCONFIRMED 88% CONFIDENCE1.7 years agoThe seller's notice sets the offer 'on January 10, 2025 and January 13, 2025, from 9:15 a.m. to 3:30 p.m. (Indian Standard Time) on both days'.^[1]

Adani Commodities sells 175.6 million Adani Wilmar shares over two days on BSE and NSE, lifting public ownership to 25.3% as the first leg of the Adani Group's exit.

₹48.5B

0.78

Food09/24/2026@AgriDesk

Wilmar Reports FY2026 Full-Year Results

Wilmar HQ, 28 Biopolis Road, Biopolis, Queenstown, Singapore 138568

Wilmar International

Starts 02/25/2027 9:20AMESTIMATED 72% CONFIDENCEin 154 daysEstimated from the pattern: full-year results came on 21 Feb 2024, 20 Feb 2025 and 26 Feb 2026, each filed about 17:17-17:24 Singapore time after trading.^[1]

Wilmar's full-year 2026 results and final dividend are due after trading in late February 2027, the first full year with India's AWL Agri Business consolidated.

0.76

Food09/24/2026@AgriDesk

AWL Agri Business Takes Over Selling Shree Renuka's Madhur Sugar

Navrangpura, Ahmedabad, Gujarat 380009, India

Wilmar International

AWL Agri Business Takes Over Selling Shree Renuka's Madhur Sugar

Starts 05/28/2026 12:56PMCONFIRMED 85% CONFIDENCE119 days agoAWL^[2] 'has entered into definitive agreements with Shree Renuka Sugars Limited (“SRSL”) on 28th May 2026'; the disclosure reached NSE at 18:26 IST.

Two Wilmar companies sign supply, brand-licence and staff-transfer agreements: from 1 July 2026 AWL sells Madhur sugar across India while Shree Renuka keeps making it and owns the brand, for a 1% royalty.

0.72

Food09/24/2026@AgriDesk

Wilmar to Buy PZ Cussons' 50% of Nigeria's PZ Wilmar for US$70 Million

Wilmar HQ, 28 Biopolis Road, Biopolis, Queenstown, Singapore 138568

Wilmar International

Wilmar to Buy PZ Cussons' 50% of Nigeria's PZ Wilmar for US$70 Million

Starts 06/18/2025 4:17AMCONFIRMED 86% CONFIDENCE1.3 years agoThe joint release is dated "18 June 2025" and says the parties "today jointly announce"; Wilmar's SGX filing was broadcast at 12:17:22 Singapore time.^[1]

Wilmar agreed to take full ownership of PZ Wilmar, maker of Nigeria's market-leading Mamador and Devon King's cooking oils, buying out its UK partner for US$70 million in cash.

$70M

0.70

Food09/24/2026@AgriDesk

Wilmar 1H2026 Core Net Profit Rises 10% to US$641.5 Million

Wilmar HQ, 28 Biopolis Road, Biopolis, Queenstown, Singapore 138568

Wilmar International

Wilmar 1H2026 Core Net Profit Rises 10% to US$641.5 Million

Starts 08/12/2026 9:19AMCONFIRMED 89% CONFIDENCE43 days agoThe release reads "Singapore, August 12, 2026" and the SGX filing was broadcast at 17:19:18 Singapore time.^[1]

Stronger tropical-oil refining, Chinese soybean crushing and a first full half of India's AWL lifted pre-tax profit 13% to US$1.06 billion; the interim dividend rose to S$0.05.

0.70

Food09/24/2026@AgriDesk

Wilmar 1Q2025 Net Profit Rises 13.5% to US$343.9 Million

Wilmar HQ, 28 Biopolis Road, Biopolis, Queenstown, Singapore 138568

Wilmar International

Wilmar 1Q2025 Net Profit Rises 13.5% to US$343.9 Million

Starts 04/29/2025 9:22AMCONFIRMED 83% CONFIDENCE1.4 years agoThe executive summary is dated "29 April 2025" and Wilmar's SGX list stamps the filing at 17:22 Singapore time, after trading hours as the 7 April notice said.^[1]

Food products and plantations lifted the quarter while tropical-oil refining stayed tough and sugar volume fell 41.5%; Wilmar warned US tariffs made the rest of the year uncertain.

0.70

Food09/24/2026@AgriDesk

Adani Wilmar Agrees to Buy Tops Ketchup Maker GD Foods

Wilmar InternationalNavrangpura, Ahmedabad, Gujarat 380009, India

Starts 03/04/2025 12:58PMCONFIRMED 89% CONFIDENCE1.6 years ago'4th March 2025, Ahmedabad: Adani Wilmar Limited ... today announced the signing of a definitive agreement to acquire G.D. Foods'; the release reached NSE at 18:28 IST.^[1]

Adani Wilmar signs a definitive agreement for G.D. Foods, maker of Tops ketchup, sauces and pickles, taking 80% first at an enterprise value of Rs 603 crore and the rest over three years.

₹6B

0.70

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