Advanta has received its board approval for the proposal of the amalgamation of the company with UPL, subject to regulatory approval. Advanta shareholders will get one equity share and three preference shares of UPL for every share held in the company on the record date.
The merger will enhance presence across agri-inputs value chain, increase geographical reach, enhance market penetration and annual cost savings of Rs 90 crore envisaged.
Advanta benefits from the strong global distribution network of UPL and will be able to fast track its growth plans on the back of strong balance sheet of the combined entity.
Advanta is engaged in providing crop solution for crops like rice, sunflower, maize, millets and mustard. It has research and development centres are located in Bangalore, Hyderabad, Vapi, Sonepat and Katraine.
Company Name | CMP |
---|---|
Venkys India | 1786.00 |
Kaveri Seed | 850.90 |
Harrisons Malayalam | 184.05 |
Simran Farms | 138.00 |
Apis India | 219.80 |
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