UPL's subsidiary sells 19.22% stake in Villa Crop for Rs 22 cr

Agro-chemical major UPL Ltd today said its Mauritius-subsidiary has sold 19.22 per cent stake in Villa Crop Protection for Rs 22 crore.

The shares were sold to a group firm of an American company Land O' Lakes Inc.

In a BSE filing, UPL Ltd said its wholly-owned subsidiary UPL Corporation Ltd has sold its shares held in Villa Crop Protection to an affiliate of Land O' Lakes Inc.

UPL Corporation owned 19.22 percent of the shares in Villa Crop Protection. "For sale of the shares, UPL Corporation has received approximately Rs 22 crore," the filing added.