Adani Wilmar Ltd (AWL) has been in focus on Wednesday. On January 1, 2025, Adani Wilmar share price opened at ₹308.00, almost the same as its previous close of ₹308.05. At 10:18 AM, the share price of AWL was trading at ₹320.00, up by 3.88% on the NSE. As of the same time, the stock touched its day’s high at ₹323.80.
Looking at the latest developments at the company, on December 30, 2024, Adani Enterprises Ltd (AEL), Adani Commodities LLP (ACL), and Lence Pte Ltd entered into an agreement regarding the acquisition of shares in Adani Wilmar Ltd (AWL).
Under the terms of the agreement, Lence will acquire a maximum of 31.06% of AWL’s paid-up equity shares from ACL, contingent on the exercise of call or put options. Additionally, AEL will divest ~13% of its shares in AWL to ensure compliance with minimum public shareholding norms.
This will result in AEL exiting its approximate 44% stake in the company. As of December 27, 2024, AWL had a market capitalisation of ₹42,785 crores (US$ 5.0 billion). The agreement also includes the resignation of ACL’s nominee directors from AWL’s board, and the parties will take further steps to change the name of Adani Wilmar Ltd.
The company reported a revenue of ₹14,460 crores for Q2 FY25, marking an 18% year-on-year growth, driven by a 12% increase in volume. In H1 FY25, the company achieved its highest-ever half-yearly operating EBITDA of ₹1,232 crores, reflecting a 349% YoY increase. The Q2 operating EBITDA stood at ₹612 crores, up 325% YoY. Additionally, H1 FY25 saw the company record its highest-ever PAT of ₹624 crores.
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