The Adani Group has sold its remaining 7% stake in AWL Agri Business Ltd (formerly called Adani Wilmar Ltd) in a block deal and exited its FMCG business completely, market sources stated here on Friday.

The 7% stake has been purchased by domestic mutual fund houses, including Vanguard, Charles Schwab, ICICI Prudential MF, SBI Mutual Fund, Tata MF, Quant MF and Bandhan MF, sources said. Several other international investors from Singapore, the UAE, and other Asian markets also bought parts of the 7% stake, sources said.

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Earlier during the week, the Adani Group, which held a 20% stake in AWL Agri Business, sold its 13% stake to an arm of Wilmar International Ltd by an off-market transaction worth Rs 4,646 crore.

The stake sale to Wilmar International was followed by the lat

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