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UPL Subsidiary Advanta Files DRHP for IPO, UPL to Offer Up to 2.81 Cr Shares
UPL Limited
January 19, 2026, 03:43 PM
UPL's subsidiary, Advanta Enterprises, has filed a DRHP for its IPO on January 19, 2026. UPL plans to offer up to 2.81 crore shares in the offer for sale, part of Advanta's total proposed sale of 3.61 crore shares.
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UPL Limited announced that its subsidiary, Advanta Enterprises Limited, has filed a draft red herring prospectus (DRHP) dated January 19, 2026, with the Securities and Exchange Board of India (SEBI), BSE Limited, and the National Stock Exchange of India Limited. This filing is in connection with a proposed initial public offering (IPO) of Advanta's equity shares.
The IPO will include an offer for sale of up to 36,105,578 equity shares. UPL Limited intends to offer up to 28,107,578 equity shares as part of this offer for sale, along with other eligible shareholders of Advanta.
UPL Limited is the promoter of Advanta. The proposed offer is subject to the receipt of necessary approvals, prevailing market conditions, and other considerations.
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