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UPL sells stake in Brazilian agrochemical JV

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Capital Market

For Rs 351 crore

UPL (formerly known as United Phosphorus) has sold its entire stake of 50% in the Brazilian agrochemical Company, Sipcam UPL Brasil S.A. The gross consideration for the transaction is USD 58.50 million (Rs 351 crore). Sipcam is the current 50% joint venture partner with UPL in Sipcam UPL Brasil.

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First Published: Apr 01 2014 | 10:24 AM IST

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