AWL Agri Business announced that Wilmar International Limited’s subsidiary, Lence Pte. Ltd., has increased its stake by purchasing an additional 13% of the company’s equity shares. This acquisition was completed through an off-market transfer. Consequently, the shareholders’ agreement among Adani Enterprises Limited, Adani Commodities LLP, and Lence has been terminated, giving Lence sole control. The stake was purchased for INR 275 per share.
Stake Acquisition and Agreement Termination
AWL Agri Business has disclosed a significant shift in its shareholder structure and governance. Lence Pte. Ltd., a wholly-owned subsidiary of Wilmar International Limited, has increased its equity stake in AWL Agri Business by purchasing 168,958,219 equity shares, representing approximately 13% of the issued and paid-up equity share capital.
Details of the Transaction
The shares were acquired from Adani Commodities LLP (ACL) through an off-market transfer. The original share purchase agreement (SPA) outlined Lence’s intent to purchase shares at a price of INR 275 per share. With this transaction, the shareholders’ agreement, previously in place among Adani Enterprises Limited (AEL), Adani Commodities LLP (ACL), and Lence, has been officially terminated as of November 19, 2025.
Implications of the Termination
The termination of the shareholders’ agreement grants Lence sole control over AWL Agri Business. All parties involved have agreed to relinquish their rights, duties, and obligations under the previous agreement. This change is anticipated to streamline decision-making processes and provide a clearer strategic direction for AWL Agri Business.
Original Share Purchase Details
Lence had agreed to purchase a minimum of 142,964,647 equity shares (11.00%) and up to a maximum of 259,935,721 equity shares (20.00%) from ACL, as stated in the original share purchase agreement.
Source: BSE
