Company UPL has divested its entire stake in its joint venture United Phosphorus (Bangladesh).
UPL is the leading agrochemical company and is engaged in research, manufacturing, marketing, sales and distribution of agrochemicals and speciality chemicals across the globe.
The company has transferred its entire holding of 1,627 equity shares constituting 50 percent of the total paid up capital of United Phosphorus (Bangladesh) at a consideration of USD 3,28,816(Rs 2.19 crore)to UPL Corporation (formerly known as Bio-Win Corporation).