India, Nov. 11 -- The Government of India has issued a release:
The Competition Commission of India has approved the proposed acquisition of 11% to 20%of shareholding of the AWL Agri Business Limited by Lence Pte. Ltd.
AWL Agri Business Limited (formerly - Adani Wilmar Limited) (Target) is engaged in FMCG business comprising primarily of edible oil, food, FMCG and Industry essential segments (including soaps, cleaners, etc.).
Lence Pte. Ltd. (Acquirer) is a wholly-owned subsidiary of Wilmar International Limited and belongs to the Wilmar Group. Wilmar Group does not have a direct business presence in India except through the Target and Shree Renuka Sugars Limited (SRS). SRS is engaged in the business of milling, refining and selling of s...