AHMEDABAD: Adani Enterprises Ltd (AEL) said on Thursday that it has signed an agreement to sell a 20 per cent stake in AWL Agri Business Ltd. to Wilmar International's subsidiary, Lence Pte Ltd, for Rs 275 per share, valuing the deal at Rs 7, 150 crore.
Following this latest deal, Wilmar is set to become the majority shareholder, with a 64 per cent holding in AWL.
Adani Commodities LLP (ACL), a subsidiary of AEL, currently holds 30.42 per cent of AWL.