UPL Limited has received an intimation on 21st February 2024, about issuance of certificate of incorporation with regards to new step-down subsidiary viz. Advanta Seeds Hungary Korlátolt Felelsség Társaság effective 20th February 2024. Industry Seeds and related business.
Date of Incorporation 20th February 2024. Advanta Seeds Hungary Korlátolt Felelsség Társaság would be a step-down subsidiary at Advanta Seed structure under Advanta Enterprises Limited, India in which the Company holds 86.67% shareholding. It becomes a related party up on incorporation.
Advanta Netherlands Holdings B.V. has invested initial capital of HUF 12,000,000. 100% shares are held by Advanta Netherlands Holdings B.V.