UPL has announced the completion of investment of Rs. 2,474 crore ($300 million) by KKR for a 13.33% stake in Advanta Enterprises, a global pure play seeds platform.

This is a part of the larger corporate realignment exercise announced in October 2022 to create four distinct business platforms - Global Crop Protection (ex-India), India Agtech, Global Seeds, and Manufacturing & Specialty Chemicals to unleash growth potential of each of these platforms and unlock value for UPL shareholders by facilitating ‘fair value recognition’ of each platform.

On 21 October, 2022, UPL had announced a strategic corporate realignment by creating distinct ‘pure-play’ business platforms – to unleash growth potential for each of these platforms through enhanced focus (led by specialised and dedicated teams) and efficient deployment of resources. The realignment will unlock value for UPL shareholders by facilitating ‘fair value recognition’ of the ‘distinct pure-play platforms.’

A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Brookfield and TPG’ to invest Rs. 1,580 crore (US$ 200 mn) for 9.09% stake in UPL SAS - India Agtech Platform at an equity valuation of ~INR 17,380 crore (~US$ 2.2 Bn).

KKR to invest US $300 million (~Rs.  2,460 crore) for 13.33% stake ‘Advanta Enterprises - Global Seeds Platform’ at an equity valuation of ~US $2.25 billion (~Rs. 18,450 crore).

A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) & TPG to hold 22.2% stake in UPL Cayman, which will be the Global Crop Protection Platform (ex-India).

These investments are independent transactions for which separate agreements have been agreed pursuant to negotiations between each of the investors and UPL Ltd.