According to a regulatory filing, UPL Limited has announce the completion of investment worth Rs 2,474 crore by KKR for 13.33% stake in Advanta Enterprises.
This is a part of the larger corporate realignment exercise announced in October 2022 to create four distinct business platforms - Global Crop Protection (ex-India), India Agtech, Global Seeds and Manufacturing & Specialty Chemicals to unleash growth potential of each of these platforms and unlock value for UPL shareholders by facilitating ‘fair value recognition’ of each platform.
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