UPL Ltd. , a global leader in sustainable agriculture solutions, has announced a significant internal realignment and completed a substantial block trade on the National Stock Exchange (NSE), demonstrating continued market activity in the agrochemical sector.

$502 Million Internal Realignment

UPL's subsidiary Advanta Mauritius has approved the $502 million acquisition of Decco Holdings UK, a wholly owned subsidiary of UPL Corporation Mauritius. This related-party transaction is part of an internal business realignment aimed at consolidating UPL's post-harvest operations under its seed platform. Key details include:

• Decco's consolidated revenue: ₹933.00 crore (1.98% of UPL's revenue)
• Decco's net worth: ₹431.00 crore
• Deal completion: Expected by December 31, 2025
• Shareholder approval required

Following the completion, Decco's operations will integrate with Advanta's seed business, where UPL will maintain a 78.21% effective stake. The company anticipates operational synergies, enhanced digitalization opportunities, and scale advantages across emerging markets.

Block Trade Details

The block trade, executed on the NSE, involved the following key details:

This substantial transaction highlights the ongoing interest in UPL's shares and potentially reflects strategic movements within the company's ownership structure.

Recent Corporate Developments

Strategic Investments

1. Thailand Investment: UPL Global Limited, a UK-based step-down subsidiary of UPL Ltd., has entered into a Share Subscription Agreement to acquire a 49% stake in Grow Chemical Co Ltd., a Thailand-based company, for $0.76 million. This move aims to strengthen UPL's presence in the Southeast Asian market.

2. Decco Acquisition: The $502 million acquisition of Decco Holdings UK by Advanta Mauritius is expected to bring operational synergies and enhance UPL's post-harvest capabilities.

Changes in Promoter Group Shareholding

Recent disclosures indicate some movement within the promoter group shareholding:

• Nerka Chemicals Private Limited increased its stake in UPL Ltd. from 21.29% to 21.41%.
• Uniphos Enterprises Limited reduced its stake from 5.05% to 4.94%.

Market Implications

The execution of the block trade, coupled with the strategic investments and the subtle shifts in promoter group shareholding, indicates that UPL Ltd. is actively managing its capital structure and expanding its global footprint. These moves could potentially impact the company's market position and future growth strategies in the agrochemical industry.

UPL shares closed 2.45% lower at ₹710.15 ahead of the announcement of the Decco acquisition.

UPL Limited , a global leader in sustainable agriculture solutions, has announced a strategic move to expand its presence in the Thai market. The company's UK subsidiary, UPL Global Limited, is set to acquire a 49% stake in Thailand-based Grow Chemical Co., Ltd. for $760,000.

Strategic Partnership Details

UPL Global Limited has entered into a Share Subscription Agreement with Grow Chemical, a company primarily engaged in the sourcing and selling of chemicals, fertilizers, and agricultural products in Thailand. This strategic partnership aims to strengthen innovation and deliver sustainable agricultural solutions tailored for Thai farmers.

Financial Aspects

The acquisition, valued at $760,000, will be made in cash by subscribing to fresh equity share capital of Grow Chemical. This investment is expected to be completed on or before December 31, 2025, subject to the fulfillment of closing conditions.

Grow Chemical's Performance

Grow Chemical, incorporated on March 22, 2011, has shown consistent performance over the past three years:

Strategic Objectives

The collaboration between UPL and Grow Chemical is designed to:

1. Combine UPL's global expertise in crop protection with Grow Chemical's strong local market presence.
2. Accelerate growth in Thailand's agrochemical sector through joint R&D, distribution, and marketing efforts.
3. Promote sustainable farming practices aligned with Thailand's agricultural development goals.
4. Expand the product portfolio and regulatory registrations to meet the evolving needs of Thai farmers.

Market Impact

This acquisition represents a significant step for UPL in expanding its footprint in the Southeast Asian market. By leveraging Grow Chemical's established presence and UPL's global resources, the partnership is poised to make a substantial impact on Thailand's agricultural sector.

UPL's strategic move aligns with its commitment to providing innovative and sustainable solutions to farmers worldwide. The company continues to strengthen its position as a global leader in the agricultural solutions market through targeted expansions and partnerships.

As the agricultural industry evolves, this collaboration between UPL and Grow Chemical is expected to play a crucial role in addressing the unique challenges and opportunities within Thailand's farming community.