Advanta would merge with the agrochemical major as part of a strategy to provide agri-solutions through a single entity and enhance shareholder value.
"Advanta is being acquired by UPL effective Monday, August 1, 2016. Effective at the open of Monday, changes will be made to the...Indices," BSE said in a statement today.
Accordingly, Advanta would exit the list of S&P BSE 500 companies and would be replaced by optical fibre maker Sterlite Technology, from August 1.
The seed firm would also be dropped from S&P BSE AllCapl, S&P BSE Fast Moving Consumer Goods, S&P BSE MidSmallCap and S&P BSE SmallCap indices.
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