Trilegal Advised On Adani Group’s stake Sale In AWL Agri Business

Trilegal advised on Adani Group’s stake sale in AWL Agri Business

Trilegal advised on the sale of 13,54,82,400 equity shares of AWL Agri Business Limited (formerly Adani Wilmar Limited) (“AWL”) by one of its promoters, the Adani Group, through Adani Commodities LLP. The stake sale, aggregating to 10.42% of AWL’s share capital, was executed via a block sale through the stock exchange mechanism, with a total consideration of approximately INR 37.32 billion.

This transaction forms part of the Adani Group’s complete exit from AWL and follows an earlier offer for sale undertaken through the stock exchange mechanism, which the firm also advised on earlier this year.

Trilegal advised Jefferies India Private Limited, who acted as the broker for the transaction.

The Trilegal Capital Markets team advising on the matter was led by Richa Choudhary (Partner); and supported by Maitreya Rajurkar (Counsel); and Shivayana Balodia (Senior Associate).

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