Deals19 Jan 2026, 09:24 pm
UPL Subsidiary Advanta Enterprises to Launch IPO with Offer for Sale of 36,105,578 Equity Shares
AI Summary
UPL Ltd. has announced that its subsidiary, Advanta Enterprises Limited, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), BSE Limited, and the National Stock Exchange of India Limited for a proposed initial public offering (IPO). The IPO comprises an offer for sale of up to 36,105,578 Equity Shares, with UPL Limited intending to offer up to 28,107,578 Equity Shares. This announcement comes in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.
Key Highlights
- UPL subsidiary Advanta Enterprises to launch an IPO
- 36,105,578 Equity Shares to be offered in the IPO
- UPL Limited to offer up to 28,107,578 Equity Shares in the Offer for Sale
- IPO subject to necessary approvals, market conditions and other considerations
- Announcement made in accordance with SEBI Listing Regulations 2015