UPL cos raise $500 mn from KKR, TPG, others
- The move will help fuel the growth of individual businesses, UPL said
Private equity firms KKR, Brookfield and TPG, and sovereign wealth fund Abu Dhabi Investment Authority (ADIA) will invest a total of $500 million (about ₹4,040 crore) to buy minority stakes in group companies of Mumbai-based agrochemicals company UPL Ltd including its Advanta Enterprises Ltd unit.
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