Acquisitions1 Sept 2025, 04:42 pm
UPL Global to Acquire 49% Stake in Grow Chemical Co. Ltd. for USD 0.76Mn
AI Summary
UPL Global Limited, a step-down subsidiary of UPL Ltd., has entered into a Share Subscription Agreement to acquire a 49% stake in Grow Chemical Co. Ltd., based out of Thailand. The acquisition is not a related party transaction and is expected to be completed by December 31, 2025. The cost of acquisition is USD 0.76Mn in cash. Post-acquisition, UPL Global will hold 49% stake in Grow.
Key Highlights
- UPL Global to acquire 49% stake in Grow Chemical Co. Ltd. for USD 0.76Mn
- Acquisition aimed at strengthening innovation and delivering sustainable agricultural solutions in Thailand
- Joint R&D, distribution, and marketing efforts expected post-acquisition
- Acquisition not a related party transaction
- Expected completion of acquisition by December 31, 2025