AWL Agri Business Limited (formerly Adani Wilmar Limited) has officially acquired an 80% equity stake in G.D. Foods Manufacturing (India) Private Limited as of April 16, 2025, according to a regulatory filing. This development marks a key milestone in the company’s strategic expansion in the food manufacturing segment.
The acquisition was carried out in line with the Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA) previously signed on March 4, 2025. As per the deal structure, AWL will acquire the remaining 20% equity in the target company by FY 2028–29. Following this transaction, G.D. Foods Manufacturing (India) Private Limited now officially becomes a subsidiary of AWL Agri Business.
The acquisition price was determined based on an agreed enterprise valuation, and the transaction was executed after fulfilling all necessary terms and conditions outlined in the SPA and SHA.
AWL, a leading player in the agribusiness sector, continues to diversify its food portfolio and consolidate its presence across India with this acquisition.
Disclaimer: The information provided is based on regulatory filings and is intended for informational purposes only. It should not be construed as investment advice.
