Demuric Holdings lifts UPL stake to 22% via share amalgamation
What's the deal? Demuric Holdings Private Limited has acquired a 21.41% stake in agrochemical maker UPLDealroom has a profile for this one. Try Dealroom → Limited through a Scheme of Amalgamation effective July 21, 2026. The move lifts the promoter group entity's total holding in UPL to 22.03%.
The numbers: Demuric held 5,228,343 shares — 0.62% of voting capital — before the deal. The transaction transferred 180,764,622 voting shares, bringing its total to 185,992,965 shares, or 22.03% of UPL's share capital.
The terms: UPL's equity capital is unchanged at Rs 1,68,83,38,636, split into 844,169,318 shares of Rs 2 each. Demuric confirmed no shares were encumbered and no warrants or convertible securities were involved.
Why now? The disclosure was filed by Rajnikant Devidas Shroff, a director of Demuric, under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It was submitted to both BSEDealroom has a profile for this one. Try Dealroom → Limited and the National Stock Exchange of India, where UPL is listed.
The signal: The amalgamation consolidates the promoter group's grip on UPL, tightening control at one of India's largest agrochemical companies.
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Image credit: eutrophication&hypoxia
