5 December 2022

Mumbal : Agrochemical major UPL on Friday announced a strategic corporate realignment in which ADIA, Brook need, KKR, and TPG will separately invest Rs 4,040 crore for minority stakes in its pure-play business platforms.

Abu Dhabi Investment Authority ( ADIA ), Brookfield, and TPG will invest Rs 1,580 crore for a 9.1 % stake in Agri – tech platform UPL SAS at an equity valuation of Rs 17,380 crore ( $ 2.2 billion ). UPL said in a statement. KKR will invest $ 300 million ( Rs 2,460 crore ) for a 13.33 % stake in Advanta Enterprises Global Seeds Platform ‘ at an equity valuation of $ 2.25 billion ( Rs 18,450 crore ).

4,040crore in UPL platforms
4,040crore in UPL platforms

ADIA and TPG will hold a 22.2 % stake in UPL Cayman, which will be the Global Crop Protection Platform ( ex – India ) . according to the statement. The financial details of the deal were not disclosed.

These investments are in dependent transactions in which separate agreements have been agreed upon, it added.

The corporate realignment exercise is expected to complete in the next 45-90 days, subject to customary closing conditions and required approvals, the company said.

” Our commitment to transforming the global food value chain will now receive even more impetus with the creation of these distinct pure. CEO Jai Shroff plays platforms, ” UPL global.

Home Facebook Tour Graphic Design Grocery Karnataka Rishikesh Dandeli Fashion

Leave a Reply

Your email address will not be published. Required fields are marked *