Is it true that the UPL promoters are planning to exit the company altogether?

As the Shroff family prepares to part ways, the promoters are likely to sell the company to implement this family separation. In addition, most of the promoters are also having heavy personal cash needs which is driving them to the sale of UPL. It has been reported that investment bankers have already been hired for the job.

UPL has already launched its buyback of shares to get indicative valuation for the separation. The sale will eventually end up resulting in the distribution of economic interest among the three promoters; Rajnikant Shroff, Jai Shroff and Vikram Shroff. ADIA and TPG Capital had invested $1.2 billion for 22% in UPL for the acquisition of Arysta.