UPL has purchased 27,50,000 equity shares of Kerala Enviro Infrastructure (KEIL), an associate of UPL, taking its holding from 23.32% to 31.07%. KEIL is as associate of UPL and continues to be the associate post increase of holding. The shares have been acquired from BEIL Infrastructure Limited, which is promoter group entity engaged in providing environmental solutions, hence related party transaction.
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.
