Wilmar International unit buys 13% stake in AWL Agri

Lence Pte Ltd. intends to get an additional 13% on top of its 20% equity capital.

Wilmar International Limited’s subsidiary Lence Pte. ltd recently announced its intention to acquire 13% of AWL Agri Business Limited (AWL), or 168.96 million equity shares, from Adani Commodities LLP (ACL).

The 13% acquisition has a sale price of INR275 ($4.04) per share that will amount to INR46.5b ($683m) according to a bourse filing.

This is after Lence agreed to acquire up to a maximum of 259.94 million equity shares at INR275 per equity share, or up to 20% of the existing paid-up equity share capital of AWL on July 2025.

Lence is expected to complete in November 2025 the purchase of the 13% equity interest that will enable it to hold 56.94% of AWL’s equity share capital, the filing said.

ACL and Lence each currently own 20% and 43.94%, respectively, of the existing paid-up equity share capital of AWL, it added.