AdaniEnterprises (AEL) sold its remaining 7% stake in AWL Agri Business (formerly Adani Wilmar) in a block trade priced at INR 275 per share, completing its full exit from the packaged-foods company, PTI reports. The sale concludes AEL’s multi-stage divestment, with total realization from its exit amounting to roughly INR 157 bn (USD 1.88 bn).

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Background: AEL originally owned 44% of AWL and has been selling this stake in parts throughout the year, including a 13% block deal earlier this week.

Who bought the shares? The block drew strong institutional demand from a mix of domestic mutual funds, including ICICI Prudential MF, SBI MF, Tata MF, Quant MF, and Bandhan MF, alongside global managers Vanguard and Charles Schwab. Investors from Singapore, the UAE, and other Asian markets also came in, Economic Times reports.

MENA link: AWL has also drawn interest from Gulf-based investors this year — including Dubai-based Shajaeatan Investment FZCO, which led to an INR 30.5 bn (USD 366 mn) stake purchase in the company in July — reflecting a growing interest in India’s food and staples sector, Economic Times reports.

Promoter shift: Following AEL’s exit, Singapore-based agribusiness conglomerate WilmarInternational becomes the sole promoter of AWL with an estimated 57% stake.

JSW set up acquire a logistics firm-

JSW Energy, Jindal Group's power arm, has secured creditor approval to acquire bankrupt rail corridor operator Raigarh Champa Rail Infrastructure (RCRIPL), according to an exchange filing. This acquisition is strategically important: RCRIPL is the exclusive rail provider for the KSK Mahanadi Power Company, a 3.6k MW thermal power plant in Chhattisgarh that JSW acquired earlier this year for INR 160.8 bn (USD 1.9 bn).

By acquiring RCRIPL, JSW Energy gains greater operational control over coal transport for its KMPCL power plant, one of India’s largest thermal assets. Owning RCRIPL cuts JSW’s reliance on freight providers and could shortening coal turnaround times.

What’s next: Completion of the transaction requires final clearance from India’s National Company Law Tribunal.

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