TPG Capital and ADIA on the proposed restructuring and listing of UPL Limited’s crop protection businesses.

Apr 17, 2026

TPG Capital and ADIA on the proposed restructuring and listing of UPL Limited’s crop protection businesses.

AZB & Partners represented TPG Capital and ADIA on the proposed restructuring and listing of UPL Limited’s crop protection businesses, which upon effectiveness will create the second largest crop protection platform globally.

Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Vasudha Asher, Senior Associates Ashutosh Merchant and Bhanu Prakash J. Joshi, Associates Aditya A. Agarwal and Tarini Mehtani, with support on competition law aspects from our Partner Toshit Shandilya, Senior Associate Vayshnavi Ganesh, Associates Nandini Modi and Mrigank Patel, and on financing aspects from our Partner Ishan Handa.

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AUTHORS & CONTRIBUTORS

Partner:

Vaidhyanadhan Iyer

Vasudha Asher

Toshit Shandilya

Ishan Handa
Associates:

Ashutosh Merchant

Bhanu Prakash J. Joshi

Aditya A. Agarwal

Tarini Mehtani

Vayshnavi Ganesh

Nandini Modi

Mrigank Patel

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