FT Markets Data
UPL Ltd

Investment by Alpha Wave in Advanta

Source: RNS
RNS Number : 8672M
UPL Limited
19 November 2024
 

UPL LIMITED

  

 

 

Sub: Investment by Alpha Wave Ventures II, LP in Advanta Enterprises Limited, Subsidiary of the Company engaged in seed business.

 

We hereby inform that the Committee of Directors of the Company at its meeting held today i.e. 19th November 2024:-

 

A.  Approved sale of 8.93% (post primary investment) stake in AEL, a subsidiary of the Company to Alpha Wave Ventures II, LP ("Alpha Wave"), a PE Investor for an aggregate consideration of USD 250Mn; and

B.  Consented to AEL's proposal to raise funds through fresh investment by Alpha Wave in equity share capital for an aggregate consideration of USD 100 Mn.

 

 

Link:

 

https://www.bseindia.com/xml-data/corpfiling/AttachLive/f9cd020d-cb3c-4ee9-940f-70b4501c1c3f.pdfs

 

 

 

We request you to take note of the same.

 

Thanking you,

 



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