Pins matching tag:"AWL Agri Business"

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.

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.

An 85-acre integrated food plant at Gohana in Sonipat, able to make 627,000 tonnes a year of rice, flour and edible oils, begins operating with its first 100-tonne rice dispatch.

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.

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.

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.

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.

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.

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.

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.

Revenue jumped 22% with India's AWL now consolidated, but unrealised hedging losses from the Iran war and weaker associates cut net profit to US$265.6 million.

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.

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.