+
CCI Approves Restructuring Of UPL Group Companies
ECONOMY & POLICY

CCI Approves Restructuring Of UPL Group Companies

The Competition Commission of India has approved a proposed combination related to the reorganisation of UPL group companies and other parties. The parties to the proposed combination include UPL Limited (UPL), UPL Sustainable Agri Solutions Limited (UPL SAS), UPL Global Sustainable Agri Solutions Limited (UPL Two), UPL Crop Protection Holdings Limited (Cayman One), TPG Upswing Limited (TPG), Platinum Jasmine A 2018 Trust (Platinum) acting through its trustee, and Woodhall Holdings (DIFC) Limited (WHL). The approval covers a series of interconnected steps that form the proposed transaction.

The reorganisation will result in the transfer to UPL Two of two business verticals currently linked to UPL. The first is the India crop protection business organised under UPL SAS and the second is the global crop protection business held directly or indirectly through Cayman One. UPL Two is described as another wholly owned subsidiary of UPL.

UPL is a global agri-solutions company engaged in research and development, manufacture and sale of pesticides, insecticides, micronutrients, crop protection products, bio-solutions, seeds and post-harvest treatments. UPL SAS manages the India crop protection business and supplies a range of agri-solutions including crop protection and seed treatment products in India. Cayman One currently holds the global crop protection business and is reported to deal in conventional crop protection products and biosolutions.

TPG is identified as a global investment firm focused on private equity, real estate, healthcare, technology, consumer and financial services, while WHL is noted as belonging to the Brookfield Group, an alternative investment manager. The description states that UPL Two currently has no business operations in India and is intended to hold both the India and global crop protection businesses following completion of the transaction. The detailed order of the Commission will follow.

The Competition Commission of India has approved a proposed combination related to the reorganisation of UPL group companies and other parties. The parties to the proposed combination include UPL Limited (UPL), UPL Sustainable Agri Solutions Limited (UPL SAS), UPL Global Sustainable Agri Solutions Limited (UPL Two), UPL Crop Protection Holdings Limited (Cayman One), TPG Upswing Limited (TPG), Platinum Jasmine A 2018 Trust (Platinum) acting through its trustee, and Woodhall Holdings (DIFC) Limited (WHL). The approval covers a series of interconnected steps that form the proposed transaction. The reorganisation will result in the transfer to UPL Two of two business verticals currently linked to UPL. The first is the India crop protection business organised under UPL SAS and the second is the global crop protection business held directly or indirectly through Cayman One. UPL Two is described as another wholly owned subsidiary of UPL. UPL is a global agri-solutions company engaged in research and development, manufacture and sale of pesticides, insecticides, micronutrients, crop protection products, bio-solutions, seeds and post-harvest treatments. UPL SAS manages the India crop protection business and supplies a range of agri-solutions including crop protection and seed treatment products in India. Cayman One currently holds the global crop protection business and is reported to deal in conventional crop protection products and biosolutions. TPG is identified as a global investment firm focused on private equity, real estate, healthcare, technology, consumer and financial services, while WHL is noted as belonging to the Brookfield Group, an alternative investment manager. The description states that UPL Two currently has no business operations in India and is intended to hold both the India and global crop protection businesses following completion of the transaction. The detailed order of the Commission will follow.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code