Adani Enterprises sells stake worth $279 million in AWL Agri Business

Indian conglomerate Adani Enterprises’ unit offered shares value 25 billion rupees ($278.9 million) in AWL Agri Enterprise by way of bulk offers, knowledge from exchanges confirmed on Friday.

Knowledge from NSE confirmed that Adani Commodities, a subsidiary of Adani Enterprises, offered 39.5 million shares in AWL Agri for 275.09 rupees apiece, whereas knowledge from BSE confirmed that it offered 51.5 million shares for 275 rupees apiece.

That displays a reduction of about 0.6% to Thursday’s shut.

The unit owned a 20% stake in AWL Agri, as of September 30, representing 259.9 million shares held, change knowledge confirmed