Agro-chemicals major UPL Ltd on Thursday said it will sell 49.98 per cent equity in its non-operational subsidiary firm Agri Net Solutions Ltd (ANSL) to promotor group entity Nerka Chemicals for Rs 1.75 crore.
UPL, in a regulatory filing, said it will offload the stake for a consideration of Rs 1.75 crore and the deal is expected to be completed by March 31 this year.
The shares will be bought by Nerka Chemicals Pvt Ltd, a promoter group company. The balance shareholding in ANSL is held by the promoters, it added.
The turnover of ANSL was nil in the previous financial year. Its net worth was Rs 3.42 crore as of March 31, 2021, which is 0.01 per cent of the consolidated net worth of UPL Ltd.
Mumbai News: Two Separate Road Accidents Hit South Mumbai Over Weekend, Minor Injuries Reported
Mumbai News: Man Alleges Brother’s Family Denied Him Entry Into His Own Flat In Dadar, FIR Registered
FPJ Interview: 'New OC Policy More Of An Election Gimmick' Says Housing Expert On Mumbai’s OC Crisis
'I Personally Want...': Suryakumar Yadav Dedicates His Tournament Earnings To Indian Army After India's Win At Asia Cup 2025; Video
(With inputs from PTI)
