Back 17 Jul 2025

Wilmar’s subsidiary acquires 20% stake in a unit of Adani Enterprises for $1.62 bil ​  

Link: https://links.sgx.com/1.0.0/corporate-announcements/KFLJXKASFMTO0WUS/34ace2045c8c6e04eeedc902e70c0f3b3f67c29850c2c5d42c863a2377818b78

Summary: Wilmar International’s subsidiary Lense acquired a 20% stake in Adani Wilmar for $1.62 billion. The acquisition, funded internally and through bank borrowings, will increase Wilmar’s stake in AWL to between 54.94% and 63.94%.