AEL to exit Adani Wilmar JV

This agreement signals AEL’s complete exit from its 44 per cent holding in Adani Wilmar

Adani Enterprises Limited (AEL) has announced a pivotal agreement with Lence Pte. Ltd., a wholly-owned subsidiary of Wilmar International Limited, marking a major shift in the ownership structure of Adani Wilmar Ltd. (Adani Wilmar). Under the terms, Lence will acquire up to 31.06 per cent of Adani Wilmar’s paid-up equity shares held by Adani Commodities LLP (ACL), a subsidiary of AEL, through a call or put option mechanism.

This agreement signals AEL’s exit from its 44 per cent holding in Adani Wilmar. As part of the deal, AEL will divest around 13 per cent of its shares to meet regulatory public shareholding requirements. Following these transactions, Adani Wilmar’s name will undergo a rebranding as part of the transition.

Co-founded by AEL and Wilmar, Adani Wilmar has grown into India’s largest food FMCG player, earning the trust of millions across urban and rural India. With an impressive market capitalization of Rs 42,785 crores (approximately $5 billion).

The Adani board has acknowledged the resignation of ACL’s nominee directors from Adani Wilmar’s board, setting the stage for this strategic exit. The proceeds from the sale will empower AEL to double down on its core infrastructure platforms, focusing on energy, utilities, transport, and logistics—key sectors that underpin India’s growth story.

Adani Wilmar, meanwhile, remains a powerhouse in the FMCG sector, leveraging its extensive reach with 100 per cent urban market penetration and a presence in over 30,600 rural towns. Its products, trusted by households across India, are also exported to more than 30 countries, cementing its position as a global player.