UPL Limited is selling an 8.93% stake in its subsidiary Advanta Enterprises Limited to Alpha Wave Ventures II, LP for USD 250 million and allowing a fresh equity investment of USD 100 million, which will adjust the post-transaction valuations of Advanta to USD 2.70 billion and USD 2.85 billion respectively. After the transactions, UPLs stake in Advanta will reduce to 74.70%.