Adani Enterprises (AEL) is set to fully exit its FMCG joint venture, Adani Wilmar, by divesting its 44 percent stake in the company in two phases. This will involve a sale of 31.06 percent of the stake to Lence, a wholly-owned subsidiary of Wilmar International, and the remaining 13 percent will be divested to meet public shareholding requirements. The total value of AEL’s 44 percent stake is approx. Rs 18,500 crore.

AEL’s board has approved the divestment, which will also involve the resignation of ACL’s nominee directors from Adani Wilmar's board.  Furthermore, the parties involved have agreed on steps to change the name of the company from ‘Adani Wilmar.’

The proceeds from the divestment will be used by AEL to boost its investments in core infrastructure sectors, including energy and utilities, transport and logistics, as well as other primary industry adjacencies. This strategic move marks AEL’s shift from the FMCG sector to reinforcing its presence in infrastructure, in line with its broader growth strategy.