UPL arm to transfer post harvest business under Decco Holdings to Advanta
This story was originally published at 17:34 IST on 2 September 2025
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--UPL: Got arm Advanta Mauritius' OK to buy another arm's post-harvest ops
--UPL: Advanta Mauritius to buy Decco Holdings' post-harvest ops for $502 mln
MUMBAI – UPL Ltd. Monday said its post harvest business under Decco Holdings UK will be purchased by another step-down subsidiary Advanta Mauritius, according to an exchange filing by UPL. Decco Holdings is currently under UPL's wholly-owned subsidiary UPL Corp., Mauritius.
The post harvest business will be transferred to Advanta Mauritius at an enterprise valuation of $502 million. Advanta Mauritius is a subsidiary of Advanta Enterprises, where UPL Ltd. holds a majority stake. The transaction will need approval of shareholders of UPL and the same is expected to be completed by Dec. 31, the company said in the filing. "Post completion of transaction, Decco Business shall get consolidated with Advanta seed business," the company said.
"The move is expected to bring significant potential upside, driven by synergies in adjacent focus areas, guidance from experienced and proven Advanta leadership, shared back-end infrastructure, overlapping presence in emerging markets, and opportunities for enhanced digitisation," the company said. Decco Holidings had reported a revenue of INR 9.33 billion in 2024-25 (Apr-Mar).
UPL had reported a consolidated net loss of INR 880 million in the June quarter on a consolidated revenue of INR 92.16 billion. Tuesday, shares of the company closed at INR 710.65 per share, down 2.4% on the National Stock Exchange. End
Reported by Anshul Choudhary
Edited by Akul Nishant Akhoury
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