AEL to exit Adani Wilmar JV, to raise USD 2bn

AEL has signed agreement with Wilmar International to exit AWL

Adani Enterprises Limited (AEL) is set to raise over USD 2 billion through a two-step transaction, comprising an Offer for Sale (OFS) and a sale to Wilmar. The proceeds from this transaction will be strategically deployed to accelerate AEL’s growth in core infrastructure sectors, including Energy & Utilities, Transport & Logistics, and adjacent Primary Industry businesses.

This marks a significant milestone for the Adani Group, signaling its return with a strong financial move, especially following the DOJ indictment in November. The deal will remove any lingering concerns regarding liquidity perception, further enhancing Adani’s financial stability. Expected to be finalized by March 31, 2025, the transaction will generate a cash inflow of USD 2 billion, providing AEL with the necessary capital to drive its future growth.

AEL plans to strengthen its incubation capacity, with a sharper focus on its Consumer Services, particularly through Airports and Adani Digital, already serving approximately 350 million consumers. This initiative also underscores Adani’s disciplined financial approach, with a portfolio-level equity deployment of about 63% of its assets, which will increase as a result of this transaction.

In addition to this deal, AEL raised USD 500 million in October 2024, bringing its total raised capital to USD 2.5 billion. Other Adani Group companies, such as AESL, Ambuja, and AGEL, have raised significant funds over the past few months, contributing to a total of approximately USD 4.5 billion. With a net debt/EBITDA ratio of 2.4x, Adani’s financial position will continue to improve, reinforcing the group’s solid footing in the market.