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News Topical, Digital Desk : The Adani Group, through Adani Commodities LLP, a subsidiary of Adani Enterprises, has launched a block deal worth approximately ₹2,500 crore to sell its remaining stake in AWL Agri Business (formerly Adani Wilmar). This marks the company's final exit from AWL Agri Business. Moneycontrol, citing sources, reported that the Adani Group is selling its remaining 7% stake. According to the report, the floor price for this block deal has been set at ₹275 per share, a 0.6% discount to the previous closing price.

Another source said that Jefferies Investment Bank is working on the deal. According to the report, when contacted, Adani Group declined to comment, while Jefferies also did not immediately respond. Earlier this week, Adani Group sold 13% of its 20% stake in AWL Agri Business to a unit of Wilmar International Ltd for ₹4,646 crore through an off-market deal.

Share Performance: The company's shares closed at ₹2,448 on Thursday, up 0.61%. Over the past year, the company's stock has gained 15.63%. 


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