India, Nov. 12 -- Lence (Acquirer) is a wholly-owned subsidiary of Wilmar International and belongs to the Wilmar Group

The Competition Commission of India has approved the proposed acquisition of 11 per cent to 20 per centof shareholding of the AWL Agri Business Limited by Lence.

AWL Agri Business (formerly - Adani Wilmar) (Target) is engaged in FMCG business comprising primarily of edible oil, food,FMCG and Industry essential segments (including soaps, cleaners,etc.).

Lence (Acquirer) is a wholly-owned subsidiary of Wilmar International 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 (SRS). SRS is engaged in the business of milling, refi...