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Centrum Broking Report
UPL Ltd. on October 21, 2022 announced corporate realignment of its business into four platforms. Simultaneously, marquee investors including ADIA, Brookfield, TPG, and KKR have invested a total of $500 million in two of the platforms.
At the same time, ADIA/TPG will receive $241 million for their exit from non-crop business. Resultantly, UPL will receive net inflow of $259 million which shall be partially utilised for debt repayment while the rest would be judiciously utilised for capital allocation across businesses. The rationale for realignment is-
to unleash growth potential of each independent platform led by specialized talent and combined with efficient deployment of resources,
unlocking ,
enabling efficient capital allocation for accelerated growth,
simplification of group structure by aligning operating business segments.
We believe the simplified structure would gain focused attention by separate teams, capital allocation based on growth prospects, and sometimes in future can be demerged into separate entities creating furthers .
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