UPL Ltd has announced that its subsidiary, Advanta Mauritius, will acquire Decco Holdings UK for $502 million. The deal, disclosed on September 2, 2025, is part of UPL’s internal restructuring and will consolidate Decco’s post-harvest solutions business under the company’s seed platform.
Transaction Details
Decco is currently a wholly owned subsidiary of UPL Corporation Mauritius, making this a related-party transaction. Following the acquisition, Decco’s operations will be merged with Advanta, where UPL will retain an effective 78.21% stake.
Financial Snapshot of Decco
According to UPL’s filing:
- FY25 consolidated revenue: ₹933 crore (1.98% of UPL’s total revenue)
- Net worth: ₹431 crore
The acquisition is pending shareholder approval and is expected to be completed by December 31, 2025.
Strategic Rationale
UPL stated that the acquisition will bring:
- Operational synergies across business lines
- Improved digitalisation and integration
- Enhanced efficiency and scale in emerging markets
The transaction has been independently evaluated by KNAV Advisory Private Limited to ensure compliance with arm’s length standards.
Separate Investment in Thailand
In a separate move, UPL Global Ltd, a UK-based step-down subsidiary, signed an agreement to acquire a 49% stake in Grow Chemical Co. Ltd, a Thailand-based agrochemical company, for $0.76 million. This deal is also expected to close by the end of 2025.
Summary
UPL’s subsidiary Advanta Mauritius will acquire Decco Holdings UK for $502 million as part of an internal restructuring to consolidate its seed and post-harvest solutions businesses. The move is expected to deliver operational synergies, digitalisation benefits, and greater efficiency in emerging markets. Alongside, UPL Global is expanding its regional presence with a minority stake in Thailand’s Grow Chemical Co. Ltd.
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