UPL enters into JV with Aarti Industries
UPL and Aarti Industries propose to initially invest Rs. 12.50 crore each, in equity share capital of Augene Chemical (proposed JV). Subsequently, over a period of about 24 months, it is proposed to invest Rs. 137.50 crore each in one or more tranches in the form of equity capital/preference share capital/debt.
Post subscription by both UPL and Aarti Industries, their respective shareholding in ACPL will be 50%:50%
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