CAM is representing Adani Enterprises Limited (“AEL“) and Adani Commodities Limited (“ACL“) on ACL’s sale of up to 20% of its shareholding, in AWL Agri Business Limited (formally known as Adani Wilmar Limited) (“AWL“) to Lence Pte. Ltd. (“Lence“), a wholly owned subsidiary of Wilmar International Limited.
CAM also assisted ACL in disposal of ACL’s equity shares in AWL by way of a block deal through the stock exchange mechanism.
The transaction team was led by Anchal Dhir, Partner and Jay Parikh, Partner; with assistance from Ayushi Toshniwal, Principal Associate, Varun Kannan, Senior Associate; and Priyamvada Sharma, Associate.
Avaantika Kakkar, Partner (Head – Competition) and Pushkar Singh, Associate; advised on competition law aspects of the transaction.
Devaki Mankad, Partner (Regional Co-Head – Capital Markets – West) and Mansi Jhaveri, Principal Associate; advised on capital markets aspects of the transaction.