Shares of Adani Wilmar (AWL) surged 6.66% on March 5, 2025, reaching a day’s high of ₹255.85 on the NSE, following the company’s announcement of a definitive agreement to acquire G.D. Foods Manufacturing (India) Private Limited (GD Foods).
Acquisition Breakdown 🏭
- The deal will be executed in multiple tranches.
- 80% of shares will be acquired in the first tranche.
- The remaining 20% stake will be acquired over the next three years.
- The first tranche is expected to close within 60 days, subject to regulatory approvals.
Strategic Vision 📢
Angshu Mallick, MD & CEO of Adani Wilmar, emphasized that the acquisition aligns with AWL’s vision of expanding its food FMCG portfolio.
“As the market evolves, trusted national food FMCG brands must provide high-quality, affordable products that cater to Indian kitchens. This acquisition strengthens AWL’s offerings and enhances our distribution network,” he stated.
With this strategic move, AWL aims to expand its footprint in the Indian food industry, strengthening its position in the FMCG segment. Stay tuned for more updates! 🚀📊
