Wilmar Buys Billionaire Gautam Adani’s 20% Stake In Indian JV For $824 Million
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The Adani Group has been divesting its shares in AWL. In December, Adani Enterprises announced that it intends to completely divest its stake in the company to focus on its core infrastructure busines...
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real estate
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July 18, 2025
02:35 AM
Forbes
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What caught my attention is Editors' PickAsiaWilmar Buys Billionaire Gautam Adani’s 20% Stake In Indian JV For $824 MillionByYessar Rosendar, Forbes Staff
I write Asia's richest, fast-growing es, and startups
AuthorJul 18, 2025, 02:35am EDTJul 18, 2025, 02:56am EDT Wilmar sells its cooking oil and other household staples in India under the Fortune brand, considering recent developments
Courtesy of Wilmar Wilmar International—the Singapore-based palm oil giant cofounded by Malaysia’s richest tycoon Robert Kuok and his nephew Kuok Khoon Hong—has agreed to buy billionaire Gautam Adani’s 20% stake in their Indian joint venture company AWL Agri for 71. 4 billion rupees ($824 million)
Moreover, The Adani Group has been divesting its s in AWL
In December, Adani Enterprises announced that it intends to completely divest its stake in the company to focus on its core infrastructure es in renewable energy, transport, and logistics
On the other hand, This tells us that ing month, Adani Commodities sold 13
However, On the other hand, 5% of AWL to the public, raising public ownership in the company to 23%
With a market cap of $4 billion, AWL, which went public in India in 2022, is the largest consumer foods manufacturer in India, where it manufactures and sells edible oils as well as food staples such as rice, sugar and wheat under the Fortune brand
Nevertheless, Upon completion of the transaction, which is pending regulatory apvals, Wilmar will own 64% stake in AWL once the deal is
Adani Group plans to sell its remaining 10 (something worth watching), in light of current trends
Moreover, 4% stake in AWL to pre-identified investors, according to an announcement released on Thursday
Furthermore, MORE FOR YOU AWL is one of over 10 joint ventures run by Wilmar, which counts Robert Kuok and his nephew Khoon Hong among its biggest holders, in today's financial world
Meanwhile, Robert, who has an estimated net worth of $12 (quite telling). 5 billion, also has interests in Shangri-La hotels, data centers, real estate, shipping, and logistics (something worth watching)
Furthermore, Khoon Hong, chairman of Wilmar, has a net worth of $3, given current economic conditions
Nevertheless, 4 billion, which also includes his stake in Perennial Holdings, which is building Singapore’s tallest skyscraper in partnership with ecommerce giant Alibaba
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