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Advanta Holdings BV, based in the Netherlands, is planning to invest around $1 million in cash into Advanta Seeds, adhering to local regulations. The entire acquisition consideration will be in cash, and Advanta Holdings BV will be the sole owner of Advanta Seeds.
Advanta Seeds will be a step-down subsidiary under Advanta Enterprises, India, in which UPL holds 86.67% stake. Upon incorporation, Advanta Seeds will be considered a related party. The promoter, promoter group, or group companies have no direct or indirect interest in this acquisition.