Joint Venture2 Sept 2025, 11:04 pm
UPL Ltd. Announces Transfer of DECCO Business to Advanta Mauritius Limited for US$ 502Mn
AI Summary
UPL Ltd. has announced an extraordinary general meeting (EGM) to be held on September 24, 2025, to approve a material related party transaction amongst subsidiaries. The transaction involves the transfer of the investment in Decco Holdings UK Limited from UPL Corporation Limited, Mauritius, to Advanta Mauritius Limited, a subsidiary of Advanta Enterprises Limited and a fellow subsidiary of UPL Corp, for an enterprise value of US$ 502Mn. This move is part of UPL's strategic realignment journey to create self-sustaining, pure-play business platforms and unlock value across each platform.
Key Highlights
- UPL Ltd. announces a material related party transaction amongst subsidiaries.
- The transaction involves the transfer of the investment in Decco Holdings UK Limited from UPL Corporation Limited, Mauritius, to Advanta Mauritius Limited.
- The enterprise value of the transaction is US$ 502Mn.
- This move is part of UPL's strategic realignment journey to create self-sustaining, pure-play business platforms.
- Advanta Mauritius Limited is a subsidiary of Advanta Enterprises Limited and a fellow subsidiary of UPL Corp.