UPL announces $502 mn internal realignment as Advanta Mauritius acquires Decco Holdings UK

UPL Ltd on Tuesday said its subsidiary, Advanta Mauritius, has approved the $502 million purchase of Decco Holdings UK, a wholly owned subsidiary of UPL Corporation Mauritius.The transaction, classified as a related-party deal, is part of an internal business realignment and will consolidate UPL’s post-harvest operations under its seed platform.

According to the company’s filing, Decco posted consolidated revenue of ₹933 crore in FY25, accounting for 1.98% of UPL’s revenue, with a net worth of ₹431 crore.

The deal, subject to shareholder approval, is expected to close by 31 December 2025. Post transaction, Decco’s operations will be integrated with Advanta’s seed business, where UPL will hold an effective 78.21% stake.The company said the move will bring operational synergies, stronger digitalisation opportunities, and scale advantages across emerging markets. KNAV Advisory Private Limited provided the valuation report for the arm’s length transaction.

Also Read: UPL’s UK arm acquires 49% stake in Thailand’s Grow Chemical

Ahead of the announcement, UPL shares closed 2.45% lower at ₹710.15 on the NSE.

On Monday, UPL Global Ltd, a step-down subsidiary based in the UK, signed a share subscription agreement to acquire a 49% stake in Thailand-based Grow Chemical Co. Ltd for $0.76 million, with completion expected by year-end.