News & Events

The Commonwealth Chamber of Commerce’s Ankita Yadav recently held promising discussions with Srinivas Prasad, representing the renowned Mohan Energy Corporation (MEC), a leading player in turnkey power sector projects.

MEC, known for its impressive track record of 100% project completion rate, has established a strong presence across more than 30 African nations and various Southeast Asian countries. The company has successfully executed projects in collaboration with foreign governments, multilateral funding agencies, UN organisations, and corporate entities.

As part of the prestigious Mohan Group, established in 1974, MEC benefits from a legacy of four decades of international operations spanning Africa, the Middle East, South America, and Southeast Asia. The Group, headquartered in New Delhi, maintains an extensive network of overseas offices and associates across multiple African nations, including Ghana, Mozambique, Zambia, Gambia, and Togo.

The meeting marks a significant step toward potential future collaborations and business opportunities between the Commonwealth Chamber and the energy sector giant.

UPL Ltd’s subsidiary, Advanta Mauritius, has approved the acquisition of Decco Holdings UK for $502 million from UPL Corporation Mauritius. The related-party transaction aims to consolidate UPL’s post-harvest operations under its seed platform.

Decco Holdings reported consolidated revenue of INR 933 crore in FY25, representing 1.98% of UPL’s revenue, with a net worth of INR 431 crore. The deal is expected to close by December 31, 2025, subject to approval by the shareholders.

Following the transaction, Decco’s operations will integrate with Advanta’s seed business, where UPL will maintain a 78.21% effective stake. The company expects the merger to enhance operational synergies, digitalisation opportunities, and market presence in emerging economies.

KNAV Advisory Private Limited provided the valuation report for the arm’s length transaction. UPL shares closed 2.45% lower at INR 710.15 on the NSE before the announcement.

In a separate development, UPL Global Ltd, the company’s UK-based step-down subsidiary, has recently agreed to acquire a 49% stake in Thailand’s Grow Chemical Co., Ltd., for $0.76 million.

Read the original article here: https://scanx.trade/stock-market-news/orders-deals/upl-ltd-executes-rs-51-92-crore-block-trade-on-nse/18331888

Ankita Yadav from the Commonwealth Chamber of Commerce attended the milestone 20th CII India-Africa Business Conclave in New Delhi, where it was announced that India-Africa bilateral trade has crossed the historic US$100 billion mark for the first time. The landmark event, hosted by the Confederation of Indian Industry (CII) in collaboration with the Ministry of External Affairs and the Ministry of Commerce and Industry, brought together over 1,600 delegates from 64 countries, underscoring a strategic shift in South-South cooperation.

The three-day conclave highlighted the deepening economic partnership between India and Africa, with Indian Union Minister Kirti Vardhan Singh noting that bilateral trade volume has nearly doubled in five years.

India has extended concessional loans worth over US$12 billion and provided US$700 million in grant assistance for projects across Africa. To further strengthen ties, India has offered 50,000 scholarships to African youth, with more than 42,000 already utilised. The event not only celebrated economic achievements but also reinforced a comprehensive approach to cooperation, setting the stage for future growth and collaboration between the two regions.