Exit completes Adani’s JV departure as Wilmar becomes majority shareholder; AWL Agri rallies over 5% on deal clarity and record revenue
Adani Enterprises on July 17 announced the completion of its full exit from AWL Agri Business Ltd (formerly Adani Wilmar) by selling a 20% stake to Singapore-based Wilmar International for ₹7,150 crore. The deal was executed at ₹275 per share, matching the price of a previous 13.5% stake sale in January 2025, and hands Wilmar majority control with 65% ownership in AWL Agri.
Check This: Adani Enterprises Stock Price
The remaining 10.42% stake, held by Adani Commodities LLP, a unit of Adani Enterprises, will now be sold to a group of pre-identified investors facilitated by Wilmar, according to a regulatory filing. This transaction marks Adani’s final exit from the two-decade-long joint venture in the edible oil and agri-products space.
20% stake sold to Wilmar for ₹7,150 crore
Combined with January’s 13.5% sale, Wilmar now holds 65% in AWL Agri
Adani exits JV after 25 years, redirects focus to core infra platforms
Also Read : Promoters, Staff Sell Rs. 483 Cr Stake in 360 ONE WAM Following UBS Deal Rally
Market Reaction and Technical Setup
Shares of AWL Agri Business jumped over 5% intraday on the NSE, buoyed by the clarity around ownership transition and a recent uptick in revenues driven by stronger edible oil realisation and expansion in food processing segments. The stock hit a day’s high of ₹284.60, trading above its 200-DMA, with rising delivery volumes indicating strong institutional interest.
On the technical front, the stock is showing momentum with a positive crossover in MACD and RSI pushing above 60. Analysts see near-term resistance at ₹290–295, while support lies at ₹260.
“The Wilmar control ensures operational continuity, while the Adani exit removes overhang related to JV complexities,” said a Mumbai-based fund manager tracking FMCG and agri stocks.
Stock rose 5.2% to ₹284.60
RSI: 61; MACD: Bullish crossover
Key resistance: ₹290–295 | Support: ₹260
Check This:
Sector View and Institutional Flow
The broader FMCG and agri-processing sector remained steady, with Nifty FMCG ending 0.4% higher. The Wilmar-Adani transaction has prompted fresh buying in Ruchi Soya, Avanti Feeds, and KRBL, amid expectations of more consolidation in the food supply chain industry.
Meanwhile, FII flows into Indian equities on July 17 stood at ₹1,132 crore net positive, continuing the trend of steady foreign participation in defensive sectors. DII activity was neutral, with mild rebalancing across consumption-linked counters.
Nifty FMCG up 0.4%, outperforming benchmark
Wilmar’s 65% control seen as long-term positive for AWL Agri’s direction
FII net inflow: ₹1,132 crore on July 17
Trading Outlook: Key Triggers and Stocks to Watch
With the deal now fully priced in, AWL Agri may consolidate around current levels, though a clean cap table and Wilmar’s operational dominance could attract long-term buyers. Traders will watch for the final 10.42% stake sale closure and any announcement around Wilmar’s new strategic investors.
The upcoming Q1 FY26 earnings season will also provide cues on edible oil margin stability and demand rebound in rural markets.
Watchlist:
AWL Agri Business: ₹290 breakout level; stake transfer news pending
Godrej Agrovet: Earnings due next week; strong agri cycle play
Marico: Bounce from ₹505 support zone, near-term upside likely
