UPL Subsidiary Divests Stake in Bioplanta for Nominal Consideration

UPL Ltd announced that its subsidiary, UPL do Brasil Indústria e Comércio de Insumos Agropecuários S.A. ("UPL Brasil"), has secured all necessary approvals to divest its entire stake in Bioplanta Nutrição Vegetal Indústria e Comércio S.A. The divestment is part of UPL Brasil's strategy to focus on profitable growth and sharpen its portfolio. Bioplanta, an associate of UPL, is engaged in the manufacture and sale of fertilizers and agrochemicals. For FY 2025, Bioplanta reported a revenue of USD 7.1 Mn, a net worth of (USD 8.2) Mn, and a loss of (USD 3.1) Mn. The transaction involves a nominal consideration of USD 20, as Bioplanta has a negative net worth. The buyers are Marino José Franz and Miguel Vaz Ribeiro, who are not related to UPL's promoter group. The sale is expected to be completed by July 31, 2026, and is not considered a related party transaction.