Adani Enterprises informs about updates
Adani Enterprises has informed that the Company, Adani Commodities LLP (ACL) (a subsidiary of the Company) and Lence, a wholly owned subsidiary of Wilmar International have entered into an agreement (Agreement) in terms of which ACL and Lence have agreed to grant a simultaneous right of call option and put option to each other to have the option to exercise such a right for purchase and sale of all shares held by ACL at the time of exercise of such option up to a maximum of 403,739,517 equity shares constituting 31.06% of the paid-up equity share capital of AWL Agri Business Limited (formerly known as Adani Wilmar Limited) (AWL), at a price to be mutually agreed by the parties in writing, provided that such price per share shall not exceed INR 305, in accordance with the terms set out in the Agreement.
The above information is a part of company’s filings submitted to BSE.
