Advanta’s promoter United Phosphorus (UPL) has hiked stake in the company through open market. UPL has acquired 1.85 million equity shares representing 2.19% of total equity of the company from open market since September 2014 till February 19, 2015.
Post acquisition, UPL’s stake in Advanta increased to 51.97% from 49.78% earlier. Meanwhile, in past one-and-half month, UPL purchased 1.12 million or 1.33% stake in Advanta, the company engaged in agricultural products business.
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.
