UPL incorporates wholly owned subsidiary

UPL has incorporated a wholly owned subsidiary (WOS) in the name of UPL Speciality Chemicals (USCL) which has acquired 100% holding in Kudos Chemie.  As per the resolution plan approved by NCLT, the company is required to invest Rs 237 crore in Kudos over a period of 2 years. Kudos acquisition helps UPL to offer various value added products to its customers having synergy with its existing business. 

UPL is global player of crop protection products has customer base in 123 countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.

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