Global investment firm KKR on Friday announced that it has signed definitive agreements with UPL Limited to invest $300 million for a 13.33% stake in the latter’s subsidiary Advanta Enterprises Limited, which is engaged in the research and manufacturing of agricultural seeds.
According to a report in Moneycontrol on Friday, UPL’s another arm, UPL sustainable Agro Solutions, is in separate talks with the Abu Dhabi Investment Authority (ADIA), Brookfield, and TPG to raise about $200 million for a 9.09% stake.
