Latest news with #AEL
Hans India
6 days ago
- Business
- Hans India
Adani Ent sells 20% in AWL Agri for Rs 7,150 cr
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, LencePte Ltd, for Rs275 per share, valuing the deal at Rs7,150 crore. Following this latest deal, Wilmar is set to become the majority shareholder, with a 64 per cent holding in Commodities LLP (ACL), a subsidiary of AEL, currently holds 30.42 per cent of AWL. The sale marks the next step in Adani's planned divestment of its entire 44 per cent stake in AWL and eventual exit from the FMCG joint venture. In December 2024, Adani Commodities LLP (ACL) and LencePte Ltd, a subsidiary of Wilmar International, Singapore, had entered into an agreement. They gave each other the option to buy or sell AEL/ACL's shares in AWL (Adani Wilmar Limited) later, at a price they both agree on, but not more than Rs305 per share. The two together held 88 per cent in the company (44% each). In January 2025, AEL/ACL sold 13.5 per cent of its shareholding in AWL at Rs276.51 per share, raising Rs4,855 crore. This was done so that more of the company's shares are owned by the public, as required by minimum public shareholding requirements. After this sale, ACL/AEL owned about 30.42 per cent of AWL. Of this 30.42 per cent, between 11 per cent and 20 per cent will now be sold to Lence, and the balance will be offered to strategic partners and investors brought in by Wilmar. The remaining 10.42 per cent stake currently held by Adani Commodities will be sold to pre-identified investors before the transaction with Lence is completed. After all transactions are closed, Adani Commodities will fully exit AWL, which will no longer be an associate company of Adani Enterprises. AWLs stock was trading at Rs277.7 apiece on Thursday, up by Rs15.2 or 5.7 per cent. Meanwhile, AWL Agri Business reported its highest-ever Q1 revenue at Rs17,059 crore for FY26, up 21 per cent from the same quarter last fiscal. The growth was mainly driven by its edible oil business, which grew 26 per cent year-on-year. This segment contributed Rs13,415 crore, making up 78.6 per cent of total revenue and 61 per cent of the overall volume mix.
NDTV
7 days ago
- Business
- NDTV
Adani Enterprises Sells 20% Stake In AWL Agri Business To Wilmar International
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. The sale marks the next step in Adani's planned divestment of its entire 44 per cent stake in AWL and eventual exit from the FMCG joint venture. In December 2024, Adani Commodities LLP (ACL) and Lence Pte. Ltd, a subsidiary of Wilmar International, Singapore, had entered into an agreement. They gave each other the option to buy or sell AEL/ACL's shares in AWL (Adani Wilmar Limited) later, at a price they both agree on, but not more than Rs 305 per share. The two together held 88 per cent in the company (44 per cent each). In January 2025, AEL/ACL sold 13.5 per cent of its shareholding in AWL at Rs 276.51 per share, raising Rs 4,855 crore. This was done so that more of the company's shares are owned by the public, as required by minimum public shareholding requirements. After this sale, ACL/AEL owned about 30.42 per cent of AWL. Of this 30.42 per cent, between 11 per cent and 20 per cent will now be sold to Lence, and the balance will be offered to strategic partners and investors brought in by Wilmar. The remaining 10.42 per cent stake currently held by Adani Commodities will be sold to pre-identified investors before the transaction with Lence is completed. After all transactions are closed, Adani Commodities will fully exit AWL, which will no longer be an associate company of Adani Enterprises. AWL's stock was trading at Rs 277.7 apiece on Thursday, up by Rs 15.2 or 5.7 per cent. Meanwhile, AWL Agri Business reported its highest-ever Q1 revenue at Rs 17,059 crore for FY26, up 21 per cent from the same quarter last fiscal. The growth was mainly driven by its edible oil business, which grew 26 per cent year-on-year. This segment contributed Rs 13,415 crore, making up 78.6 per cent of total revenue and 61 per cent of the overall volume mix.
Business Upturn
7 days ago
- Business
- Business Upturn
Promoter Adani to sell 20% stake in AWL Agri Business to Wilmar for Rs 7,148 crore
Adani Enterprises Limited (AEL) on July 17 announced it has signed a share purchase agreement (SPA) with Lence Pte. Ltd., a wholly-owned subsidiary of Wilmar International, to sell up to 20% stake in AWL Agri Business Limited (formerly Adani Wilmar Limited) as part of its complete exit from the joint venture. AEL, through its wholly-owned subsidiary Adani Commodities LLP (ACL), will sell between 11% and 20% of AWL's equity shares to Lence at a fixed price of ₹275 per share, amounting to a maximum consideration of about ₹7,148 crore. Lence has full discretion to determine the final stake acquired within the specified range. This move comes after Adani Enterprises already began exiting its stake earlier this year. In January 2025, billionaire Gautam Adani's conglomerate raised ₹4,850 crore through an Offer for Sale (OFS) of a 13.5% stake in Adani Wilmar. The OFS involved selling 17.54 crore shares at a floor price of ₹275 apiece, completed in two tranches on January 10 and January 13 for non-retail and retail investors, respectively. Following the January sale, ACL's holding came down to 30.42%. With the new SPA and subsequent planned transactions, Adani Enterprises will fully exit AWL, realizing an estimated total cash inflow of around ₹15,729 crore, including the earlier OFS proceeds. The SPA is subject to customary conditions, including regulatory and anti-trust approvals, and upon completion, the shareholder and inter-se agreements between Adani and Wilmar will be terminated. This announcement also comes shortly after AWL Agri Business Ltd (formerly Adani Wilmar) reported its Q1 FY26 results earlier this week. The company recorded its highest-ever quarterly revenue at ₹17,059 crore, up 21% YoY, driven primarily by strong realizations in the edible oil segment. However, despite the revenue growth, net profit declined 24% YoY to ₹237.95 crore, down from ₹313.20 crore a year ago. Segment-wise, edible oil revenue rose 26% YoY to ₹13,415 crore despite a 4% drop in volumes, while food and FMCG revenue fell 8% YoY to ₹1,414 crore due to operational challenges. The industry essentials segment contributed ₹2,230 crore, up from ₹1,986 crore last year. According to brokerage Nuvama, while the revenue growth was strong, EBITDA fell sharply by 41% YoY due to high input costs, with gross margins contracting 340 bps to 9.4% and EBITDA margin narrowing by 222 bps YoY to 2.1%. A commodity derivative gain of ₹150 crore helped mitigate some of the margin pressure. The complete exit from AWL marks the end of Adani Enterprises' partnership with Wilmar in the edible oil and food business after more than two decades, freeing up capital for other strategic initiatives. Ahmedabad Plane Crash
NDTV
09-07-2025
- Business
- NDTV
Adani Enterprises Limited's Rs 1,000 Crore NCD Issue Fully Subscribed In 3 Hours
New Delhi: Adani Enterprises Limited's (AEL) second public issuance of secured, rated and listed redeemable, non-convertible debentures (NCD) worth Rs 1,000 crore was fully subscribed within three hours of opening on Wednesday. The bond issue received bids worth over Rs 1,400 crore by 15.30 hours, the stock exchange data showed. The offering was on a first-come, first-served basis, which saw participation entirely from the non-institutional segment, including retail investors, high net worth individuals (HNIs) and corporates. The issue, which was to close on July 22, is likely to see early closure due to the issue being fully subscribed. According to market experts, what sets this bond issue apart is the strong participation from the non-institutional segment, retail HNIs and corporate investors as the company's fundamentals and credit profile remain robust. The base size issue is Rs 500 crore, with an option to retain over-subscription up to an additional Rs 500 crore (Green Shoe Option), aggregating up to Rs 1,000 crore, according to the flagship company of the Adani Group. The NCDs have a face value of Rs 1,000 each. Each application has a minimum of 10 NCDs and multiples of 1 NCD thereafter. The minimum application size is Rs 10,000. The NCDs offer competitive yields compared to similarly rated NCDs and fixed deposits and are proposed to be listed on the BSE and the NSE. The proposed NCDs have been rated "Care AA-; Stable" and "(ICRA) AA- (Stable)", according to the company. AEL's first NCD issuance of Rs 800 crore, launched in September last year, was fully subscribed on the first day. At least 75 per cent of the proceeds from the issuance will be utilised towards the prepayment or repayment, in full or in part, of the existing indebtedness availed by the company, and the balance (up to a maximum of 25 per cent) for general corporate purposes. The NCDs are available in tenors of 24 months, 36 months, and 60 months with quarterly, annual and cumulative interest payment options across eight series, said the company.
India.com
07-07-2025
- Business
- India.com
Gautam Adani mega plan for investors! 9.3% interest on investment for…, Adani Enterprises Rs 10000000000…
Gautam Adani- File image The flagship company of billionaire Gautam Adani's group announced a Rs 1,000 crore non-convertible debenture (NCD) issue, offering an effective annual yield of up to 9.30%. According to a company statement, the issue will open on Wednesday, July 9, 2025, and close on July 22. This is Adani Enterprises' second public issuance of secured, rated, listed redeemable, non-convertible debentures. Adani Enterprises Rs 1,000 cr NCD Issue 'The second public issuance of NCDs by AEL, further deepens our commitment to inclusive capital markets growth and retail participation in long-term infrastructure development. This new issuance follows the strong market response to AEL's debut NCD offering, which witnessed capital appreciation for debt investors after a rating upgrade within six months — reflecting the group's consistent delivery and financial robustness,' Jugeshinder 'Robbie' Singh, Group CFO, Adani Group, said. 'As the incubator of India's most critical energy and transport utility platforms — including Adani Ports & SEZ, Adani Energy Solutions, Adani Power, and Adani Green Energy — AEL is successfully scaling the next generation of infrastructure businesses across airports, roads, data centres, and the green hydrogen ecosystem. Each of these verticals is poised to play a transformative role in India's journey toward a USD 5-trillion economy,' he added. AEL's first NCD issuance of Rs 800 crore, launched in September last year, was fully subscribed on the first day. AEL is the only corporate (outside of NBFCs) offering a listed debt product for retail investors, thereby creating a rare opportunity for individual and non-institutional investors to participate in India's infrastructure growth story. What Are Benefits For Investors? With the recent rate cuts and the beginning of a softer interest rate cycle, the AEL NCD issue comes at an opportune time for investors seeking stable, fixed-income avenues. Offering competitive yields compared to similarly rated NCDs and fixed deposits, this public issue presents a valuable proposition for the investors. The proposed NCDs have been rated 'Care AA-; Stable' and '[ICRA]AA- (Stable)'. CARE Ratings first upgraded the credit rating of AEL on February 19, 2025 and reaffirmed the rating on 18 June 2025. ICRA assigned '[ICRA]AA-(Stable)' rating on March 28, 2025 and reaffirmed it on June 17, 2025. Securities with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk. The NCDs have a face value of Rs 1,000 each. Each application will be for a minimum of 10 NCDs and in multiples of 1 NCD thereafter, making the minimum application size of Rs 10,000. 'At least 75 per cent of the proceeds from the issuance will be utilised towards the prepayment or repayment, in full or in part, of the existing indebtedness availed by the company and the balance (up to maximum of 25 per cent) for general corporate purposes,' the statement said. Nuvama Wealth Management Ltd, Trust Investment Advisors Pvt Ltd and Tipsons Consultancy Services Pvt Ltd are the lead managers to the issue. The NCDs are available in tenors of 24 months, 36 months, and 60 months with quarterly, annual, and cumulative interest payment options across eight series. (With Inputs From PTI)
