UPL acquires 7.32% stake in Allfresh Supply Management
26th Jun 2019

UPL has acquired 7.32% shareholding in Fresh Supply Management. In addition, the company has also acquired optionally convertible debentures (OCDs) which can be converted into equity shares in future.

Earlier, the company had planned for equity investment of around Rs 1.99 crore, and investment of Rs 7.25 crore for subscribing to optionally convertible debentures (OCDs) in Allfresh Supply 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.