On 11 NOV 2025, the Competition Commission of India (CCI) approved the proposed acquisition of 11% to 20% of the shareholding of AWL Agri Business Limited by Lence Pte. Ltd.
AWL Agri Business Limited (formerly Adani Wilmar Limited) (Target) is engaged in FMCG business.
Lence Pte. Ltd. (Acquirer) is a wholly-owned subsidiary of Wilmar International Limited and belongs to the Wilmar Group. The proposed transaction involves acquisition of up to a maximum of 20% of the paid-up equity share capital, and a minimum of 11% of the paid-up equity share capital of the Target by the Acquirer (Proposed Combination). As on date, the Acquirer already holds 43.94% of the paid-up equity share capital of the Target. After the acquisition, the Acquirer will hold a maximum of 63.94% and a minimum of 54.94% paid-up equity share capital of the Target. Release ID: 2188938. Visitor Counter: 162.
Key Entities Referenced
Competition Commission of India: Regulator that approved the proposed acquisition.
AWL Agri Business Limited: Target company in the proposed acquisition of shareholding.
Lence Pte. Ltd.: Acquirer company in the proposed acquisition of shareholding.
Proposed Combination: Refers to the acquisition of up to 20% of the paid-up equity share capital, and a minimum of 11% of the paid-up equity share capital of the Target by the Acquirer.
Competition Commission of India
CCI approves proposed acquisition of 11% to
20% of shareholding of the AWL Agri Business
Limited by Lence Pte. Ltd.
Posted On: 11 NOV 2025 7:11PM by PIB Delhi
The Competition Commission of India has approved the proposed acquisition of 11% to 20% of
shareholding of the AWL Agri Business Limited by Lence Pte. Ltd.
AWL Agri Business Limited (formerly – Adani Wilmar Limited) (Target) is engaged in FMCG
business comprising primarily of edible oil, food, FMCG and Industry essential segments (including
soaps, cleaners, etc.).
Lence Pte. Ltd. (Acquirer) is a wholly-owned subsidiary of Wilmar International Limited and
belongs to the Wilmar Group. Wilmar Group does not have a direct business presence in India except
through the Target and Shree Renuka Sugars Limited (SRS). SRS is engaged in the business of
milling, refining and selling of sugar.
The proposed transaction involves acquisition of up to a maximum of 20% of the paid-up equity share
capital, and a minimum of 11% of the paid-up equity share capital of the Target by the Acquirer
(Proposed Combination). As on date, the Acquirer already holds 43.94% of the paid-up equity share
capital of the Target. Accordingly, post the Proposed Combination, the Acquirer will hold a maximum
of 63.94% and a minimum of 54.94% paid-up equity share capital of the Target.
Detailed order of the Commission will follow.
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NB/PK
(Release ID: 2188938) Visitor Counter : 162
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