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flag UPL splits into two public companies to boost value and efficiency, pending approvals.

flag UPL, an Indian agrochemicals company, announced on February 20, 2026, a major reorganization to create two publicly traded firms: UPL, a diversified agriculture and specialty chemicals platform, and UPL Global, a standalone crop protection company. flag The plan, approved by the board, involves merging and restructuring its India and international crop protection units over 12 to 15 months, pending approvals. flag The move aims to unlock shareholder value and improve operational efficiency, following a prior 2022 split. flag UPL faces significant debt from its 2018 Arysta acquisition but has seen improved margins and a stable credit outlook from Moody’s.

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