ADIA, Brookfield and TPG Invest in ‘UPL Sustainable Agri Solutions Ltd.’ India’s largest Integrated Agtech Platform
UPL announced that wholly owned subsidiaries of the Abu Dhabi Investment Authority (“ADIA”), Brookfield and TPG will together invest INR 1,580 Crore (US$ 200 Mn) for acquiring a combined 9.09% stake in UPL Sustainable Agri Solutions Limited (“UPL SAS” or “the Company”), creating ‘India’s largest integrated Agtech platform’ which will include the India Crop Protection business, SWAL, Adarsh Farm Services and Nurture Digital Platform. UPL SAS is focused on transforming the India agriculture ecosystem by offering targeted solutions for driving improved farm outcomes enhancing economic resilience of 100+ million farmers in India, a vast majority of which are small holder farmers.
AZB & Partners advised TGP and ADIA. The AZB & Partners team comprised of Partners Vaidhyanadhan Iyer and Vasudha Asher, Counsel Abhilash Chandran, and Senior Associate Ashutosh Merchant.
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