The High Court of Gujarat has approved the merger of UPL and Advanta, the former informed the exchanges on Thursday. UPL said that the merger would come into effect after a copy of the order was filed with the Registrar of Companies at Ahmedabad, Gujarat. Advanta's shareholders had approved the merger back in April. On Thursday, UPL Share Price closed 2.5 per cent lower at Rs.542.05 on the NSE. As of December 31, nine promoters held 72.99 percent stake in Advanta, out of which 57.52 percent was held b