<h1>Indian conglomerate exits agribusiness stake; foreign JV partner becomes sole promoter, boosting free float and institutional investor holdings &A</h1> An Indian conglomerate has fully exited its 44% shareholding in a listed agribusiness company through a final 7% block sale at Rs 275 per share, realising about Rs 15,707 crore in total. The transaction reallocates equity to a broad base of domestic mutual funds and international institutional investors from Asia, while the foreign joint-venture partner now holds an estimated 57% and becomes the sole promoter. This alters the company's promoter structure to single multinational control, likely triggering updated promoter disclosures, potential reclassification of shareholdings, and continuing compliance under Indian securities and takeover regulations, while enhancing free float and institutional participation in the public market.