UPL forms step-down subsidiary 'UPL Speciality Mauritius Limited'

UPL Speciality Chemicals Limited expects to invest approx. US$ 1 million in line with the business plan

UPL Speciality Mauritius Limited is a subsidiary of UPL Speciality Chemicals Limited, India in which UPL Ltd holds 100% shareholding.

It is a stepdown subsidiary of UPL Limited, and it becomes a related party upon incorporation.

UPL Speciality Chemicals Limited expects to invest approx. US$ 1 million in line with the business plan in the form of equity or any other security/form as may be deemed appropriate. Investment will be made in cash, in compliance with applicable local regulations.