Pins matching tag:Fortune

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.

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.

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.

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.

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.