RNS Number : 9121D
UPL Limited
24 October 2022
 

UPL LIMITED

 

 

Sub: UPL Limited - Board of Directors approve

 

1. Realignment of existing businesses to create 'distinct pure-play platforms' under subsidiaries (Simplification of structure); and

2. Investment by PE investors in subsidiaries

 

We hereby inform that the Board of Directors of the Company at its meeting held on 20th October 2022 has approved:

 

1. Transfer of 'Crop Protection' business on a slump sale basis as a going concern to UPL Sustainable Agri Solutions Ltd (wholly-owned subsidiary).

2. Transfer of 'Advanta Seeds' business on a slump sale basis as a going concern to Advanta Enterprises Ltd. (wholly-owned subsidiary).

3. Transfer of 'Adarsh Farm Services' business on a slump sale basis as a going concern to Nurture AgTech Pvt. Ltd. (wholly-owned subsidiary).

 

Links:

 

https://www.bseindia.com/xml-data/corpfiling/AttachHis/81818834-9cef-44df-b01f-812a24ae16b1.pdf

 

We request you to take note of the same.

 

Thanking you,

 

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CIRFEIFDLEESESS