In today’s briefing:
- A Strategic Pivot: Adani Enterprises Exits Adani Wilmar for $2B
- UPL Limited – ESG Report – Lucror Analytics
A Strategic Pivot: Adani Enterprises Exits Adani Wilmar for $2B
- Adani Enterprises (ADE IN) exits Adani Wilmar (AWLTD IN), selling its entire 44% stake for over $2 billion, redirecting funds toward core infrastructure ambitions.
- The exit frees capital for energy, transport, and logistics projects, showcasing Adani’s commitment to strategic resource deployment and robust corporate governance.
- Adani’s strategic divestment highlights its focus on infrastructure-driven growth, underscoring the potential for shareholder value creation through timely exits from non-core businesses.
UPL Limited – ESG Report – Lucror Analytics
- Headquartered in Mumbai, UPL Limited is a global agrochemical company listed on the Indian stock exchange.
- It is the fifth-largest generic agrochemical company in the world (after Bayer, Dupont, Syngenta and BASF), with revenues of over USD 5.2 bn in FY 2023-24 (following the acquisition of Arysta LifeScience in 2019 for USD 4.2 bn).
- The bond issuer, UPL Corp, is 78% owned by UPL Limited, with TPG and the Abu Dhabi Investment Authority each holding 11% stakes. UPL Limited is 27.9% owned by the family of Rajnikant Shroff, who is known as the Crop Protection King.
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