UPL Limited said its board has approved a composite scheme of arrangement to reorganize the group and create two listed companies. The plan includes merging UPL Sustainable Agri Solutions into UPL, demerging the India crop protection business into UPL Global Sustainable Agri Solutions, and merging the international crop protection holding company into UPL Global, which will be listed, forming a single global crop protection platform. The company said the transaction is subject to shareholder and regulatory approvals and is expected to complete in 12–15 months.
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