UPL Ltd gains momentum as subsidiary expands investment in Brazil

UPL Ltd shares surged following its announcement regarding additional investment in Origeo Comercio de Produtos Agropecuarios SA, a joint venture in Brazil. This comes after its step-down subsidiary, UPL Global Ltd, UK, made further investments to support Origeo's working capital needs and long-term growth. After two quarters of losses, UPL reported a solid profit in Q3FY25.