Demuric Holdings Acquires Stake in UPL Following Internal Amalgamation
Demuric Holdings Private Limited has increased its stake in UPL Limited through a transaction that involved the acquisition of shares held by one of its subsidiaries, Nerka Chemicals Private Limited. The move resulted in a consolidation of the shareholding within the promoter group, transforming an indirect holding into a direct holding.The acquisition saw Demuric Holdings acquire 18,07,64,622 equity shares of UPL Limited. This transaction brought Demuric’s total stake in UPL to approximately 22.03% of its paid-up equity share capital.
The acquisition was effected pursuant to a Scheme of Amalgamation filed under the Companies Act, 2013. As part of this restructuring process, Nerka Chemicals Private Limited and Gowal Consulting Services Private Limited, both wholly owned subsidiaries of Demuric Holdings Private Limited, merged into and with Demuric Holdings Private Limited on July 21, 2026.
The transaction is described as an internal reorganization that eliminates intermediary entities without altering the existing control framework or the ultimate beneficial ownership in UPL.
Shareholding Details Before and After Acquisition
The merger brought about significant changes in the share distribution between the two key stakeholders within the promoter group. Prior to the acquisition, Nerka Chemicals Private Limited held a substantial stake, which was consolidated into Demuric Holdings Private Limited.Details of the shareholdings are as follows:
| Stakeholder | Pre-Transaction Shares Held | Pre-Transaction Percentage | Post-Transaction Shares Held | Post-Transaction Percentage |
|---|---|---|---|---|
| Demuric Holdings Private Limited | 52,28,343 | 0.62% | 18,59,92,965 | 22.03% |
| Nerka Chemicals Private Limited | 18,07,64,622 | 21.41% | 0 | 0% |
UPL Stock Price Movement
On Wednesday, UPL Limited shares shed 1.79%, settling at ₹608.85 after the stock dropped by ₹11.05. The equity traded during the session between a daily low of ₹606.65 and a high of ₹620.55 amid a volume of 725,603 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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