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UPL buys 26% stake in Weather Risk Management Services

Through this collaboration, UPL will provide farm services, precision farming solutions and other value added services to farmers

BS B2B Bureau  |  Mumbai 

The Mumbai-based agrochemicals company UPL Ltd yesterday signed an agreement to acquire 26 percent stake in Weather Risk Management Services Private Limited (WRMS) for Rs 10 crore. Incorporated in October 2004, WRMS is primarily engaged in providing agriculture risk management solutions which include weather information and forecast services, agriculture decision support system services, precision farming services, crop insurance products to farmers.

WRMS also provides data analytics services to sectors such as renewable energy. The company also manufactures automated weather stations that ...

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First Published: Thu, June 16 2016. 16:27 IST