UPL Limited announced the divestment of its entire stake in Bioplanta Nutrição Vegetal Indústria e Comércio S.A., a Brazilian joint venture. This strategic move, completed through its subsidiary UPL do Brasil, aims to optimize the company’s portfolio. The transaction, finalized on July 29, 2026, for a nominal consideration of USD 20, is expected to be completed by July 31, 2026.
Strategic Divestment in Brazil
UPL Limited has successfully completed the divestment of its entire stake in Bioplanta Nutrição Vegetal Indústria e Comércio S.A. (“Bioplanta”), its joint venture in Brazil. The intimation was received on July 29, 2026, from UPL do Brasil Indústria e Comércio de Insumos Agropecuários S.A. (UPL Brasil), a subsidiary of UPL Limited. This strategic decision aligns with the company’s focus on enhancing profitable growth and sharpening its overall portfolio.
Transaction Details
The sale pertains to UPL Brasil’s complete stake in Bioplanta, which is engaged in the manufacture, sale, importation, and exportation of fertilizers, agrochemicals, and agricultural inputs. Bioplanta had reported a revenue of USD 7.1 million, a networth of (USD 8.2 million), and a profit/(loss) of (USD 3.1 million) for FY 2025. However, as an associate company, it did not contribute to the Consolidated Revenue from Operations of UPL Limited under IND AS.
Regulatory Approvals and Consideration
UPL Brasil has successfully obtained all necessary regulatory approvals for this divestment. The transaction was executed for a nominal consideration of USD 20, reflecting Bioplanta’s negative networth. The agreement for sale was entered into, and the transaction is expected to be finalized on or before July 31, 2026.
Buyers and Transaction Nature
The buyers in this transaction are MARINO JOSÉ FRANZ and MIGUEL VAZ RIBEIRO, who are Brazilian citizens and businessmen. It has been confirmed that the buyers do not belong to UPL’s promoter or promoter group. Furthermore, the transaction has been assessed and is determined not to fall within the ambit of related party transactions.
Indicative Disclosures
As the sale of the undertaking is not outside the Scheme of Arrangement and does not fall under specific indicative disclosures for amalgamation/merger, it has been marked as Not Applicable.
Source: BSE
