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Deal: Offer for sale of equity shares of Adani Wilmar

20 Jan 2025

Offer for sale of equity shares of Adani Wilmar

Trilegal advised on the stake sale of 17,56,01,314 equity shares of Adani Wilmar Limited (“Adani Wilmar“) by one of the promoters, the Adani group, through Adani Commodities LLP. The stake sale, aggregating to 13.51% of Adani Wilmar’s total share capital, was executed by way an offer for sale (“OFS“) through the stock exchange mechanism for a total consideration of ~INR 48.08 billion.

The OFS was undertaken with the objective of meeting minimum public shareholding requirements prescribed by SEBI. Additionally, the stake sale was part of the Adani group’s exit and divestment plan from Adani Wilmar, which was publicly announced on December 30, 2024.

Trilegal represented the syndicate of brokers, which comprised Jefferies India Private Limited, ICICI Securities Limited, Nuvama Wealth Management Limited, SBICAP Securities Limited and Antique Stock Broking Limited.

The Trilegal Capital Market team was led by our Partner, Richa Choudhary, and comprised Maitreya Rajurkar, Counsel; Sanya Chaudhari, Senior Associate; and Shivayana Balodia, Associate.

Media Link:

https://www.thehindubusinessline.com/companies/adani-commodities-to-sell-up-to-20-stake-in-adani-wilmar-via-ofs/article69080845.ece

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as M&A Firm of the Year by IFLR Asia-Pacific 2024; Best Overall Law Firms by India Business Law Journal (IBLJ) 2024; Innovative Lawyers Asia-Pacific by Financial Times (FT) 2024; Law Firm of the Year by Deal Volume by VCCircle Awards 2024; India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; Best Law Firms to Work by Vahura 2022; Firm of the year for Client Service Excellence by Asia Law Awards 2021.

For more information, please get in touch with Anoop Siddak Singh Tuli | Mob: +91-9535377422 | BD@trilegal.com

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