Announced Sat, 15 Aug · 02:15 IST
UPL arm Advanta to acquire Hytech Egypt for USD 110 Mn
UPL · price
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Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹563.00
prior close
₹566.00
base price
After-mkt
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AI summary
UPL's step-down subsidiary Advanta Holdings B.V. is acquiring 99.98% stake in Egyptian seed company Misr Hytech Seed International for around USD 110 million in cash. Hytech Egypt focuses on white and yellow corn seeds with FY25 turnover of about USD 25.7 million. The deal gives Advanta leadership in the Middle East and Africa corn seed market. Completion expected by 31 January 2027, subject to COMESA and Egyptian Competition Authority approvals. Not a related party transaction.
Likely market impact
Expands UPL's Advanta seeds platform in MEA; cash deal of about USD 110 Mn; strategic entry into corn seed market.