UPL Ltd’s subsidiary, Advanta Mauritius, has approved the acquisition of Decco Holdings UK for $502 million from UPL Corporation Mauritius. The related-party transaction aims to consolidate UPL’s post-harvest operations under its seed platform.
Decco Holdings reported consolidated revenue of INR 933 crore in FY25, representing 1.98% of UPL’s revenue, with a net worth of INR 431 crore. The deal is expected to close by December 31, 2025, subject to approval by the shareholders.
Following the transaction, Decco’s operations will integrate with Advanta’s seed business, where UPL will maintain a 78.21% effective stake. The company expects the merger to enhance operational synergies, digitalisation opportunities, and market presence in emerging economies.
KNAV Advisory Private Limited provided the valuation report for the arm’s length transaction. UPL shares closed 2.45% lower at INR 710.15 on the NSE before the announcement.
In a separate development, UPL Global Ltd, the company’s UK-based step-down subsidiary, has recently agreed to acquire a 49% stake in Thailand’s Grow Chemical Co., Ltd., for $0.76 million.
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