India, June 3 -- The Government of India has issued a release:
The Competition Commission of India (CCI) has approved the proposed combination related to restructuring of UPL group companies and others.
The parties to the proposed combination are:
The proposed combination is a reorganisation and involves a series of interconnected steps that will result in the transfer of two business verticals of UPL 1, i.e., (i) the India crop protection business (housed under UPL SAS) (India CPC Business); and (ii) the global crop protection business (housed directly and indirectly (through its subsidiaries) under Cayman 1) (Global CPC Business) to UPL 2 (another wholly owned subsidiary of UPL 1).
UPL Limited is a global agri-solutions company engage...