UPL has acquired the remaining 25% stake in UPL Agro Limited through its subsidiary UPL Limited, Hongkong. With this acquisition, UPL Agro Limited becomes a wholly-owned subsidiary, resulting in 100% ownership of Yoloo (Laoting) Biotechnology Limited. The deal, completed on January 8, 2026, involved a cash consideration of USD 17.86 Mn.
Complete Ownership of UPL Agro
UPL has finalized the acquisition of the remaining 25% stake in UPL Agro Limited. This acquisition was executed through UPL’s step-down subsidiary, UPL Limited, Hongkong. The deal closed on January 8, 2026, marking a significant step in UPL’s business strategy in China.
Deal Highlights
The acquisition results in UPL Agro Limited becoming a wholly-owned subsidiary of UPL Limited, Hongkong. This provides UPL with 100% ownership of Yoloo (Laoting) Biotechnology Limited. The consideration for this transaction was a cash payment of USD 17.86 Mn.
UPL Agro’s Business
UPL Agro Limited is primarily involved in marketing and promotion services for agri-chemical products. Through its subsidiary, Yoloo (Laoting) Biotechnology Limited, UPL Agro also participates in the manufacturing, distribution, and commercialization of crop protection products in China. The company was initially incorporated on November 18, 2019.
Financial Performance
UPL Agro Limited’s consolidated revenue figures for the past three years are as follows:
- March 2025: USD 91.55 Mn
- March 2024: USD 73.18 Mn
- March 2023: USD 74.26 Mn
Source: BSE
