The Competition Commission of India (CCI) has approved Woodhall Holdings’ acquisition of a minority stake in UPL’s subsidiary company -- UPL Sustainable Agri Solutions (UPL SAS). The deal has been cleared under the green channel route. Under this framework, transaction which does not raise any risk of an appreciable adverse effect on competition is deemed to be approved on being intimated to the fair trade regulator. Woodhall Holdings is a special purpose vehicle and part of Brookfield Asset Management.
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.
