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UPL makes new appointments post acquisition of US-based Arysta

Press Trust of India  |  New Delhi 

Agri-UPL Ltd Thursday announced new appointments in leadership positions post its recent big-ticket acquisition of US-based Arysta Life for USD 4.2 billion (around Rs 29,700 crore) in an all-cash deal.

The appointments will be effective after the completion of the proposed transaction, which is subject to obtaining various regulatory approvals and the satisfaction of other customary closing conditions, it said in a statement.

The new team will be led by Jai Shroff, currently the of UPL Ltd.

will continue as director of UPL Ltd, which is one of the fastest growing agri-input companies in world with strong presence in the seeds, plant nutrition, crop protection and

"Diego Casanello, currently of Arysta LifeScience, will take over as the for new UPL. Ajit Premnath, currently, the at UPL, will assume the position of business mentor, Crop Protection," the statement said.

After completion of this acquisition, UPL will become the world's fifth-largest crop-protection company from the current ninth position. Its combined revenue will jump to USD 5 billion (around Rs 35,400 crore).

UPL has operations in 133 countries with 33 in 11 nations.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 06 2018. 20:10 IST