Adani Enterprises Exits Adani Wilmar JV, Transfers Stake to Wilmar International

Adani Enterprises Limited (AEL) has fully exited its joint venture (JV) with Adani Wilmar, selling its entire 44% stake, according to a company filing dated December 30.

As part of the exit, AEL will sell its 13% stake in Adani Wilmar, while Wilmar International is set to acquire up to 31% of AEL’s holding in the platform.

A statement issued by the company confirmed that Adani Enterprises, Adani Commodities LLP, and Wilmar International’s subsidiary Lence have entered into an agreement. Under this agreement, Lence will acquire the equity shares of Adani Wilmar currently held by Adani Commodities LLP.

The statement added: “With the completion of these two legs, AEL would completely exit its ~44% holding in Adani Wilmar.”