UPL has planned to transfer its entire holding of 49.98% in equity share capital of its subsidiary viz. Agri Net Solutions (ANSL). Post transfer, ANSL will cease to be the subsidiary of the Company. The shares will be bought by Nerka Chemicals, a promoter group company. The balance investment in ANSL is held by promoters.
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.
