Adani Enterprises sells stake in AWL agri business for $279 million

A unit of Indian conglomerate Adani Enterprises sold 25 billion rupees ($278.9 million) worth of stake in AWL agri business through bulk deals, exchange data showed on Friday.

NSE data showed Adani Commodities, a subsidiary of Adani Enterprises, sold 39.5 million shares in AWL Agri at Rs 275.09, while BSE data showed it sold 51.5 million shares at Rs 275.

That represents a discount of about 0.6% from Thursday’s close.

The unit held a 20% stake in AWL Agri, as of September 30, representing 259.9 million shares, exchange data showed.