Cyril Amarchand Mangaldas Advises Adani Group On Exit From Adani Wilmar Limited

Cyril Amarchand Mangaldas (CAM) is representing Adani Enterprises and Adani Commodities LLP (ACL) in ACL’s planned sale of its entire 31.06 per cent equity stake in Adani Wilmar. The shares are to be acquired by Lence, a wholly owned subsidiary of Wilmar International Limited, marking a significant transaction in the FMCG sector.

The legal advisory for this high-profile transaction is being led by CAM Partners Anchal Dhir and Jay Parikh, with crucial support from Ayushi Toshniwal, Principal Associate. Avaantika Kakkar, Partner and Head of Competition at CAM, is advising on the competition law aspects of the deal to ensure compliance with regulatory requirements. Additionally, the capital markets elements of the transaction are being handled by Partner Devaki Mankad, with assistance from Mansi Jhaveri, Principal Associate.

This strategic divestment by the Adani Group aligns with its broader business objectives and portfolio restructuring efforts. The move signifies a transition for AWL, with Wilmar International, one of the world’s leading agribusiness groups, increasing its stake through its subsidiary, Lence. The partnership between Adani and Wilmar has been pivotal in shaping AWL into a key player in the Indian FMCG sector, and this transaction reflects Wilmar's commitment to consolidating its position in the business.

The agreement governing the terms of the stake sale was signed on 30 December 2024, signalling the formal commencement of the exit process. The transaction is expected to proceed in compliance with all applicable laws and regulatory approvals, facilitated by CAM’s comprehensive legal expertise.

This deal underscores CAM’s position as a trusted legal partner for high-value corporate transactions, particularly in advising on complex divestments, competition law compliance, and capital market strategies. The firm’s involvement highlights its ability to navigate intricate legal landscapes while ensuring seamless execution for its clients.