General Announcement::Investment by Alpha Wave Ventures II, LP in Advanta Enterprises Limited

Issuer & Securities

Issuer/ Manager
UPL LIMITED
Securities
UPL LIMITED GDR - US90320U1152 - BYS
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
20-Nov-2024 02:26:03
Status
New
Announcement Sub Title
Investment by Alpha Wave Ventures II, LP in Advanta Enterprises Limited
Announcement Reference
SG241120OTHR1NXR
Submitted By (Co./ Ind. Name)
Sandeep Deshmukh
Designation
Company Secretary and Compliance officer
Effective Date and Time of the event
19/11/2024 00:00:00
Description (Please provide a detailed description of the event in the box below)
We hereby inform that the Committee of Directors of the Company at its meeting held today ie 19th November 2024

Approved sale of 8.93% (post primary investment) stake in AEL a subsidiary of the Company to Alpha Wave Ventures II, LP ( Alpha Wave ), a PE Investor for an aggregate consideration of USD 250Mn; and
Consented to AEL s proposal to raise funds through fresh investment by Alpha Wave in equity share capital for an aggregate consideration of USD 100 Mn.

Attachments

AWintimation.pdf
Total size =218K