PE funds, Godrej & UPL in race for 57.7% in Gharda Chemicals

Mumbai: Global private equity funds KKR & Co and Blackstone Group and two local companies, Godrej Agrovet and American private equity fund TPG Capitalbacked United Phosphorus Ltd (UPLNSE 1.71 %), have put in independent bids to acquire a controlling 57.7% stake in agrochemicals maker Gharda Chemicals, according to two people with direct knowledge of the development.