Based on the unaudited financial statements of AWL as at June 30, the Wilmar Group will recognise a negative net tangible assets attributable to AWL of approximately US$0.42 billion.
Wilmar International through its wholly-owned subsidiary Lence is acquiring 168,958,219 equity shares, or 13% of the existing paid-up equity share capital of AWL Agri Business, formally known as Adani Wilmar Limited.
The acquisition of AWL is at a sale price of INR 275 per AWL share, amounting to a total consideration or INR46.5 billion ($860 million), and Wilmar is expected to recognise a gain on deemed disposal of an associated company of about US$1.16 billion.
