Gautam Adani, India's second richest man, has sold his remaining 7 per cent stake in Adani Wilmar Ltd in a block deal that attracted strong institutional demand. Earlier this week, the Adani Group had sold a 13 per cent stake in AWL to bring its exposure down to 7 per cent.

What bought the stake?

Domestic mutual fund houses, including Vanguard, Charles Schwab, ICICI Prudential MF, SBI Mutual Fund, Tata MF, Quant MF, and Bandhan MF, bought the stake, according to people familiar with the transaction, PTI reported. Several international investors from Singapore, the UAE, and other Asian markets also bought into the clean-out block.

Adani Enterprises fully exits its 44 per cent stake

AWL Agri Business Ltd (formerly Adani Wilmar Ltd) has completed a major shareholder reshaping after Adani

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