UPL Ltd’s Subsidiary Acquires Hybrid Seeds Vietnam
Filing Summary
UPL Limited has announced that its step-down subsidiary, Advanta Holdings B.V., has entered into an agreement to acquire shares in Hybrid Seeds Vietnam Company Limited. This acquisition, disclosed on December 22, 2025, involves a cash consideration of USD 2000. Hybrid Seeds, a newly incorporated entity in the seeds industry, will become a 100% subsidiary of Advanta Holdings B.V. The acquisition is expected to be completed by December 31, 2025. No regulatory approvals are required for this transaction, and it does not constitute a related party transaction.
On December 22, 2025, UPL Limited announced that its step-down subsidiary, Advanta Holdings B.V., has entered into an agreement to acquire shares in Hybrid Seeds Vietnam Company Limited. This acquisition is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The target entity, Hybrid Seeds, is a newly incorporated company in the seeds and related business industry. It was established on October 3, 2024. As a newly formed entity, Hybrid Seeds does not have a turnover history. The acquisition involves a cash consideration of USD 2000, and upon completion, Advanta Holdings B.V. will hold 100% of the shares in Hybrid Seeds.
The acquisition does not fall under related party transactions. The promoter, promoter group, or group companies of UPL Limited do not have any direct or indirect interest in Hybrid Seeds. The transaction is conducted at arm’s length, ensuring compliance with regulatory standards.
No additional governmental or regulatory approvals are required for this investment. The acquisition is scheduled to be completed on or before December 31, 2025. Hybrid Seeds will operate as a step-down subsidiary under Advanta Enterprises Limited, in which UPL Limited holds a 78.21% shareholding.
UPL Limited is a global provider of sustainable agriculture solutions. The company focuses on enhancing food security through innovative products and services in the agricultural sector. UPL’s strategic initiatives include expanding its global footprint and strengthening its portfolio in the seeds and crop protection markets.