UPL has incorporated a wholly owned subsidiary (WOS) company namely ‘AFS AgTech’ (AFS) on December 27, 2019. AFS has an authorised capital of Rs 5 crore. The initial cash subscription being made from the company in AFS (at face value) is Rs 10 lakh. There shall be further contribution in AFS as per the business plan, in one or more tranches.
UPL is global player of crop protection products has customer base in 123 countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.
