Food09/24/2026@AgriDesk
AWL Agri Business Completes 80% Purchase of Tops Maker GD Foods
Delhi, IndiaWilmar International
Starts 04/16/2025 11:15AMCONFIRMED 89% CONFIDENCE1.4 years ago'The Company has today, i.e. on April 16, 2025, acquired 80% of the issued and paid up equity share capital of the Target Company'; filed on NSE at 16:45 IST.^[1]
AWL Agri Business takes 80% of G.D. Foods Manufacturing, owner of the Tops sauces and pickles brand, making it a subsidiary; the other 20% is due by fiscal 2028-29.
₹6B
0.74
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.
0.71
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
0.70
Food09/24/2026@AgriDesk
Wilmar Takes Control of AWL Agri Business With 13% Purchase From Adani
Navrangpura, Ahmedabad, Gujarat 380009, IndiaWilmar International
Starts 11/19/2025 4:17AMCONFIRMED 87% CONFIDENCE309 days agoWilmar'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]
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.
₹46.5B
0.69
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 138568Wilmar International
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
0.69
Food09/24/2026@AgriDesk
Adani Sells Last 7% of AWL Agri Business, Completing Its Exit
Navrangpura, Ahmedabad, Gujarat 380009, IndiaWilmar International
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.
0.68
Food09/24/2026@AgriDesk
Adani Wilmar Renamed AWL Agri Business
Navrangpura, Ahmedabad, Gujarat 380009, IndiaWilmar 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.
0.67
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
0.66
Food09/24/2026@AgriDesk
Wilmar and TGI Group Merge Nigeria and Benin Food Businesses in 50:50 JV
Wilmar HQ, 28 Biopolis Road, Biopolis, Queenstown, Singapore 138568Wilmar International
Starts 06/02/2026 9:30AMCONFIRMED 84% CONFIDENCE114 days agoThe release is datelined "Singapore, 2 June 2026" and Wilmar's SGX list stamps the announcement at 17:30 Singapore time.^[1]
Wilmar will pool its Nigerian and Beninese plantations, edible-oil and food businesses with TGI Group's brands and distribution in a Singapore-held 50:50 venture targeting a US$12 billion market.
0.66
Food09/24/2026@AgriDesk
Yihai Kerry Arawana Sells Kellogg China Joint Venture Stakes to Mars
Bocheng Road, Pudong, Shanghai 200126, ChinaWilmar International
Starts 01/15/2026 12:24PMCONFIRMED 85% CONFIDENCE252 days agoYKA's announcement 2026-001 says its board approved the sale at its meeting on 14 January 2026; cninfo^[1] published it at 20:24 Beijing time on 15 January.
Wilmar's China arm sells its 50% stakes in Yihai Kerry Kellogg's Food (Shanghai) and (Kunshan) to Mars Wrigley China for US$45 million and US$15 million, after Mars bought Kellanova.
$60M
0.65
Food09/24/2026@AgriDesk
AWL Agri Business Takes Over Selling Shree Renuka's Madhur Sugar
Navrangpura, Ahmedabad, Gujarat 380009, IndiaWilmar International
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.
0.63
Food09/24/2026@AgriDesk
Shree Renuka Sugars Names Susheel Kumar Kamboj MD and CEO
Worli, Mumbai, Maharashtra 400030, IndiaWilmar International
Starts 03/17/2026 10:15AMCONFIRMED 88% CONFIDENCE191 days agoThe board approved the changes at its meeting on 17 March 2026, which 'commenced at 2:30 pm and concluded at 3:45 pm'.^[1]
Wilmar's Indian sugar arm makes Kamboj chief executive from 23 March and managing director from 1 April 2026, as executive chairman Atul Chaturvedi, a former Adani Wilmar CEO, becomes a non-executive director.
0.63

'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]

Start: Mar 4, 202590% CONFIDENCEfrom the source

Adani Wilmar Agrees to Buy Tops Ketchup Maker GD Foods

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.

Adani Wilmar signed a share purchase agreement and shareholders' agreement with the owners of G.D. Foods Manufacturing (India), owner of the Tops brand^[1][3]
It would buy 80% first at an agreed enterprise value of Rs 603 crore, debt-free and cash-free, paid in cash, and the remaining 20% over the next three years^[3]
GD Foods had FY24 revenue of Rs 386 crore, growing 15% a year over three years, and EBITDA of Rs 32 crore^[1][4]
Founded in 1984 and based in Delhi, Tops sells ketchup, sauces, jams, pickles, noodles and instant mixes in seven North Indian states through more than 150,000 outlets, from three factories^[1]
Adani Wilmar said the deal added eight product categories and higher-margin products to its Fortune-led portfolio^[1]

@AgriDesk

Cost ₹6B

References 489% 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%
awl.in/wp-content/uploads/2025/08/6.-Acquisition-of-G.D.Foods-March-4-2025.pdf
awl.in· Posted Sep 24, 2026· Starts Mar 4, 2025 ✓· 74% of score
'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.
[2]85%
AWL Agri Business: update on the acquisition of G.D. Foods
nsearchives.nseindia.com· Published Apr 16, 2025· 10% of score
The first 80% closed on 16 April 2025; the balance 20% is to be bought by FY 2028-29.^[1]
[3]90%
Adani Wilmar: Regulation 30 disclosure on the acquisition of G.D. Foods
nsearchives.nseindia.com· Published Mar 4, 2025· 8% of score
Enterprise value of INR 603 crore (debt-free, cash-free) for the first 80%, cash consideration, tranche 1 expected within 60 days of the SPA.^[1]
[4]80%
Adani Wilmar announces acquisition of Tops parent GD Foods in phased deal (Business Standard)
business-standard.com· Published Mar 4, 2025· 8% of score
Reports the signing and the FY24 revenue of Rs 386 crore and EBITDA of Rs 32 crore.^[1]

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Food09/24/2026@AgriDesk
AWL Agri Business Completes 80% Purchase of Tops Maker GD Foods
Delhi, IndiaWilmar International
Starts 04/16/2025 11:15AMCONFIRMED 89% CONFIDENCE1.4 years ago'The Company has today, i.e. on April 16, 2025, acquired 80% of the issued and paid up equity share capital of the Target Company'; filed on NSE at 16:45 IST.^[1]
AWL Agri Business takes 80% of G.D. Foods Manufacturing, owner of the Tops sauces and pickles brand, making it a subsidiary; the other 20% is due by fiscal 2028-29.
₹6B
0.74
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.
0.71
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
0.70
Food09/24/2026@AgriDesk
Wilmar Takes Control of AWL Agri Business With 13% Purchase From Adani
Navrangpura, Ahmedabad, Gujarat 380009, IndiaWilmar International
Starts 11/19/2025 4:17AMCONFIRMED 87% CONFIDENCE309 days agoWilmar'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]
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.
₹46.5B
0.69
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 138568Wilmar International
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
0.69
Food09/24/2026@AgriDesk
Adani Sells Last 7% of AWL Agri Business, Completing Its Exit
Navrangpura, Ahmedabad, Gujarat 380009, IndiaWilmar International
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.
0.68
Food09/24/2026@AgriDesk
Adani Wilmar Renamed AWL Agri Business
Navrangpura, Ahmedabad, Gujarat 380009, IndiaWilmar 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.
0.67
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
0.66
Food09/24/2026@AgriDesk
Wilmar and TGI Group Merge Nigeria and Benin Food Businesses in 50:50 JV
Wilmar HQ, 28 Biopolis Road, Biopolis, Queenstown, Singapore 138568Wilmar International
Starts 06/02/2026 9:30AMCONFIRMED 84% CONFIDENCE114 days agoThe release is datelined "Singapore, 2 June 2026" and Wilmar's SGX list stamps the announcement at 17:30 Singapore time.^[1]
Wilmar will pool its Nigerian and Beninese plantations, edible-oil and food businesses with TGI Group's brands and distribution in a Singapore-held 50:50 venture targeting a US$12 billion market.
0.66
Food09/24/2026@AgriDesk
Yihai Kerry Arawana Sells Kellogg China Joint Venture Stakes to Mars
Bocheng Road, Pudong, Shanghai 200126, ChinaWilmar International
Starts 01/15/2026 12:24PMCONFIRMED 85% CONFIDENCE252 days agoYKA's announcement 2026-001 says its board approved the sale at its meeting on 14 January 2026; cninfo^[1] published it at 20:24 Beijing time on 15 January.
Wilmar's China arm sells its 50% stakes in Yihai Kerry Kellogg's Food (Shanghai) and (Kunshan) to Mars Wrigley China for US$45 million and US$15 million, after Mars bought Kellanova.
$60M
0.65
Food09/24/2026@AgriDesk
AWL Agri Business Takes Over Selling Shree Renuka's Madhur Sugar
Navrangpura, Ahmedabad, Gujarat 380009, IndiaWilmar International
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.
0.63
Food09/24/2026@AgriDesk
Shree Renuka Sugars Names Susheel Kumar Kamboj MD and CEO
Worli, Mumbai, Maharashtra 400030, IndiaWilmar International
Starts 03/17/2026 10:15AMCONFIRMED 88% CONFIDENCE191 days agoThe board approved the changes at its meeting on 17 March 2026, which 'commenced at 2:30 pm and concluded at 3:45 pm'.^[1]
Wilmar's Indian sugar arm makes Kamboj chief executive from 23 March and managing director from 1 April 2026, as executive chairman Atul Chaturvedi, a former Adani Wilmar CEO, becomes a non-executive director.
0.63

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