Exclusive: UPL unit Advanta delays IPO preparation amid choppy market – Markets

Exclusive: UPL unit Advanta delays IPO preparation amid choppy market - Markets


UPL Ltd. and KKR & Co. plan to offer a total of 10% equity stakes in Advanta for sale in the maiden equity sale to the public. UPL, India’s largest crop protection firm, owns an about 78.2% equity stake, KKR 11.1%, and Alpha Wave Ventures 10.7% in Advanta.



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