UPL Subsidiary Completes Divestment of Joint Venture Stake in Bioplanta Nutrição Vegetal
UPL Brasil Indústria e Comércio de Insumos Agropecuários S.A., a subsidiary of UPL Limited, has secured approval for the divestment of its entire stake in Bioplanta Nutrição Vegetal Indústria e Comércio S.A. The sale was finalized with Brazilian citizens MARINO JOSÉ FRANZ and MIGUEL VAZ RIBEIRO.The divestiture targets Bioplanta, a joint venture company of UPL Limited that specializes in the manufacture, sale, importation, exportation, and tolling of fertilizers, agrochemicals (standard or biological), adjuvants, and agriculture inputs. The transaction forms part of UPL Brasil's strategy to sharpen its portfolio and focus on profitable growth.
The subsidiary divested its entire interest in Bioplanta for a nominal consideration of USD 20. The agreement was secured on July 29, 2026, and the completion of the sale is expected to take place on or before July 31, 2026.
Bioplanta Nutrição Vegetal Indústria e Comércio S.A. operated as an associate company of UPL Limited. Financial details for the last financial year (FY 2025) relating to Bioplanta are provided below:
| Particulars | Details |
|---|---|
| Entity | Bioplanta Nutrição Vegetal Indústria e Comércio S.A |
| Area of Business | Manufacture, sale, importation, and exportation of fertilizers and agrochemicals inputs. |
| Revenue (FY 2025) | USD 7.1 Mn |
| Networth (FY 2025) | N/A |
| Profit/(Loss) (FY 2025) | N/A |
The transaction has been determined to be outside the ambit of related party transactions, as the buyers do not belong to the promoter or promoter group of UPL Limited.
UPL Stock Price Movement
UPL Limited shares today gained 1.41% to close at ₹609.15, pushing the stock higher after finishing with a gain of ₹8.45. The company saw active trading throughout the session, as over 1.14 million shares were traded on the day.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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