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.
Battle Of Galwan Teaser To Be Out On Salman Khan's 60TH Birthday: Report
India–New Zealand FTA Announced, Here’s What Will Get Cheaper & Who Will Benefit?
Real Betis' HEARTWARMING Christmas Tradition, Fans Throw Soft Toys On Pitch For Disadvantaged Kids | Video
Pakistan Prime Minister Shahbaz Sharif To Host Pak U19 Team After Asia Cup 2025 Success
(With inputs from PTI)
