UPL Limited has informed the Exchange about Acquisition of balance 25% stake in UPL Agro Limited by UPL Limited, Hongkong
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UPL Limited announced that its step-down subsidiary, UPL Limited Hongkong, has acquired the remaining 25% stake in UPL Agro Limited for a cash consideration of USD 17.86 million. With this acquisition completed on January 8, 2026, UPL Agro Limited becomes a wholly owned subsidiary of UPL Limited Hongkong, giving UPL 100% ownership of Yoloo (Laoting) Biotechnology Limited, its China-based crop protection and agri-chemical marketing arm. UPL Agro Limited reported consolidated revenue of USD 91.55 million in FY25, up from USD 73.18 million in FY24. The transaction is not a related party transaction and no additional regulatory approvals are required.
This is a minor, non-dilutive consolidation move that simplifies the group's China subsidiary structure and gives UPL full control over a growing business (revenue up ~25% YoY). The deal size (USD 17.86 Mn) is small relative to UPL's overall scale, so the financial impact is limited, but it strengthens strategic flexibility in the China agri-chemical market.