UPL has announced the incorporation of UPL GCC LATAM S.A.S. in Colombia. This new entity, a step-down subsidiary, will focus on business management activities and serve as a shared service center for the group. The initial capital subscription for UPL GCC LATAM S.A.S. is approximately $2.65K in cash, with 100% of shares held by UPL Colombia S.A.S.
Colombian Expansion
UPL has incorporated a new step-down subsidiary, named UPL GCC LATAM S.A.S., in Colombia. This move was confirmed on January 8, 2026, following the completion of all necessary legal and administrative procedures by UPL Colombia S.A.S.
Purpose and Structure
UPL GCC LATAM S.A.S. will primarily function as a Business Management Activities and Shared Service Center for the UPL group. This new entity is not considered a related party transaction. UPL Corporation Limited holds 77.80% ownership in UPL GCC’s parent company.
Key Details
Here are key details related to the new incorporation:
Source: BSE
