Chinese approval received for Lence's purchase of AWL shares
AWL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty Midcap 150 and 0.1 pts less than its Edible Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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China's market regulator has approved Lence Pte Ltd's planned purchase of 11% to 20% of AWL Agri Business shares from Adani Commodities LLP at INR 275 per share. Completion still depends on other conditions in the July 17 share purchase agreement.
The approval removes a key hurdle for the minority stake sale, but the deal still needs other conditions to be met.