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UPL receives CCI approval, completes arrangement scheme with multiple entities and shareholders
01-Aug-2026, 11:56
UPL Limited announced that it has received approval from the Competition Commission of India for a scheme of arrangement amongst the company, UPL Sustainable Agri Solutions Limited, UPL Global Sustainable Agri Solutions Limited, UPL Crop Protection Holdings Limited, and their respective shareholders, and that the Swap Transaction contemplated under the scheme has been completed as of July 31, 2026. The completion of the transactions resulted in UPL Cayman 1, previously a wholly owned subsidiary of UPL Corporation Limited, Mauritius, now being 76.42% owned by UPL Mauritius, 21.82% by the Upswing Trust, 0.01% by other individuals, and 1.76% by holders of unvested employee stock options, while UPL Cayman 2 has become a wholly owned subsidiary of UPL Cayman 1.
UPL Limited announced that it has received approval from the Competition Commission of India for a scheme of arrangement amongst the company, UPL Sustainable Agri Solutions Limited, UPL Global Sustainable Agri Solutions Limited, UPL Crop Protection Holdings Limited, and their respective shareholders, and that the Swap Transaction contemplated under the scheme has been completed as of July 31, 2026. The completion of the transactions resulted in UPL Cayman 1, previously a wholly owned subsidiary of UPL Corporation Limited, Mauritius, now being 76.42% owned by UPL Mauritius, 21.82% by the Upswing Trust, 0.01% by other individuals, and 1.76% by holders of unvested employee stock options, while UPL Cayman 2 has become a wholly owned subsidiary of UPL Cayman 1.