The Competition Commission of India has granted approval for AWL Agri Business to sell a portion of its equity shares to Lence Pte Ltd. The proposed sale involves a maximum of 259,935,721 equity shares, representing up to 20% of the company’s issued and paid-up equity share capital. The minimum number of shares to be sold is 142,964,647, representing 11%. The final number will be determined by Lence Pte Ltd.
Equity Stake Divestment
AWL Agri Business has received approval from the Competition Commission of India regarding the sale of equity shares to Lence Pte Ltd. The agreement, initially disclosed on July 17, 2025, outlines the terms for the transaction.
Details of the Share Sale
Under the agreement, Lence Pte Ltd will purchase up to 259,935,721 equity shares from AWL Agri Business, which constitutes a maximum of 20.00% of the issued and paid-up equity share capital. The agreement also specifies a minimum sale of 142,964,647 equity shares, representing 11.00% of the issued and paid-up equity share capital. The final quantity of shares to be sold is at the discretion of Lence Pte Ltd.
Financial Terms
The sale price per share is fixed at INR 275. The total amount payable by Lence Pte Ltd to AWL Agri Business will depend on the final number of shares sold, adhering to the terms outlined in the share purchase agreement.
Approval and Next Steps
The Competition Commission of India granted its approval on November 11, 2025. Consummation of the transaction is subject to the fulfillment of other precedent conditions as defined within the SPA.
Source: BSE
