UPL's subsidiary acquired an additional stake in Sinova for approximately ₹14,706 Crore. The acquisition increases UPL's holding to 55.81%, strengthening its Brazilian Savanna distribution.
UPL Limited's subsidiary, UPL Brazil, will invest approximately ₹814.98 Crore (USD 86.7Mn) in associate entity Sinova Inovacoes Agricolas S.A. This equity infusion increases UPL's stake from 49.97% to 55.81% to address working capital needs and debt reduction. The transaction is expected to conclude by May 15, 2026.
