Cases & Deals

UPL Ltd announces strategic corporate realignment

Client(s) UPL Limited

Jones Day advised UPL Limited in its corporate restructuring of the UPL Group to better align different business units by creating "distinct pure-play platforms" under various subsidiaries. As part of the restructuring, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and TPG, exchanged its 22.2% stake in UPL Corporation Limited for a cash payment of US$241 million and a 22.2% stake in UPL Ltd (which owns the UPL Group’s crop protection business (ex-India)).