New Delhi, Nov. 21 -- Adani Group fully exits AWL Agri: The Adani Group exited AWL Agri Business (formerly Adani Wilmar Ltd) after selling its remaining 7% stake through a large block deal on Friday.

The divestment, executed by Adani Commodities LLP - a subsidiary of Adani Enterprises - marks the conglomerate's final step in unwinding its position in India's largest edible oil brand franchise.

The clean-up trade attracted strong institutional demand, with the block deal priced at Rs.275.50 per share. Investment bank Jefferies acted as the broker for the transaction. Market estimates and industry sources suggest the deal value falls in the Rs.2,300-2,400 crore range based on AWL Agri's prevailing market capitalisation.

Heavy trading act...