UPL Ltd Completes Swap & ESOP Swap Transactions for Scheme Effectiveness

UPL Ltd has announced the completion of its Swap Transaction and ESOP Swap Transaction as of July 31, 2026. These are key conditions precedent for the effectiveness of a Composite Scheme of Arrangement involving UPL Ltd and its subsidiaries. The company had previously received CCI approval on June 3, 2026. The completion of these transactions leads to significant changes in the shareholding of its subsidiaries, UPL Cayman 1 and UPL Cayman 2, consolidating the India and Global Crop Protection businesses. The effectiveness of the overall Scheme is still subject to other conditions precedent.