Advanta Enterprises News Today

The report also stated that UPL is probably going to use the money from the Advanta Ent issuance to reduce its debt.

The company plans to divest nearly 10 -12 percent stake the subsidiary.

In a filing to the stock exchanges, UPL stated that the company has made it to the Dow Jones Sustainability Index (DJSI) after its outstanding performance on sustainability parameters. It is the first agrochemical company included in the esteemed Dow Jones Sustainability World and Emerging Markets Indices (DJSI).

UPL has announced the completion of an investment of Rs 2,474 crore by global investment firm KKR for 13.33 per cent stake in Advanta Enterprises, agritech arm of UPL, formerly known as United Phosphorus Ltd.

This is a part of the larger corporate realignment exercise announced in October 2022 to create four distinct business platforms.

As per Serentica Renewables, the transaction will allow the companies to leap ahead in a bid to decarbonise large energy-intensive industries and help in reversing climate change.

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!

Here is a recap of a news-heavy week featuring LP, GP and startup updates.

NEW DELHI (dpa-AFX) - KKR & Co. Inc. (KKR), an investment major, and UPL Limited (UPL), an agriculture solutions provider, said on Friday that they have inked a definitive deal through which KKR

KKR will acquire a 13.33% stake in Advanta, a subsidiary of UPL Ltd.