UPL Restructures Business Into Four Units, Raises $500 Million From Global Funds

Fertiliser maker UPL Ltd. said it will restructure its major businesses into four separate units to simplify the group structure, while raising funds from global investors.The Mumbai-based agrochemicals producer said it will hive off the four “pure-play platforms”, according to its filing. The inflows from sale of minority stakes in the units will be partly used to repay debt.UPL to transfer its crop protection business on a slump-sa…