UPL Strengthens Global Structure with China Stake Consolidation and LATAM Shared Services Expansion

UPL Consolidates Ownership of UPL Agro Limited in China

10 January 2026, New Delhi: UPL Limited informed that it received an intimation from its step-down subsidiary, UPL Limited, Hongkong, regarding the acquisition of the remaining 25 percent equity stake in UPL Agro Limited. With this transaction, UPL Agro Limited becomes a wholly owned subsidiary of UPL Limited, Hongkong.

UPL Agro Limited operates in China through Yoloo (Laoting) Biotechnology Limited, a wholly owned subsidiary. The business is engaged in marketing and promotion services for agrochemical products, along with the manufacturing, distribution, and commercialization of crop protection solutions in the Chinese market. Following the acquisition, UPL Limited, Hongkong will hold 100 percent ownership of Yoloo (Laoting) Biotechnology Limited through UPL Agro Limited.

The acquisition has been completed for a cash consideration of USD 17.86 million. As per disclosures, UPL Agro Limited contributes to the group’s consolidated revenue, strengthening UPL’s operational and commercial presence in China.

Incorporation of UPL GCC LATAM S.A.S in Colombia

On the same date, January 8, 2026, UPL Limited also announced the completion of all legal and administrative formalities related to the incorporation of a new step-down subsidiary, UPL GCC LATAM S.A.S, in Colombia. The confirmation was received from UPL Colombia S.A.S, another step-down subsidiary of the company.

UPL GCC LATAM S.A.S has been incorporated as part of the global structure of UPL Corporation Limited, through UPL GCC, in which UPL Limited holds a 77.80 percent stake. The new entity has been established to undertake business management activities and function as a shared service center supporting operations across the LATAM region.

The initial capital subscription for UPL GCC LATAM S.A.S is approximately USD 2.65 thousand, infused in cash.

Together, these developments relate to changes in UPL’s ownership structure in China and the establishment of a new group entity to support business management and shared services in Latin America.

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