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UPL
BSE: 512070NSE: UPLISIN: INE628A01036

15th-Nov-2019 10:37Source: NSE

UPL Limited

This is to inform you that UPL Limited ( UPL ), through its step-down overseas subsidiary ( Subsidiary ), has entered into definitive agreements to acquire 100% shares of Yoloo (Laoting) Bio-technology Co., Ltd. ( Laoting Yoloo ), an agrochemical company based in Heibei Province, China, from Beijing Yoloo Bio-Technology Corp., Ltd ( Beijing Yoloo ). In the Subsidiary, UPL will own 75% stake and Beijing Yoloo will hold 25% stake.Laoting Yoloo is engaged in the business of manufacturing, distribution and commercialization of crop protection products in China. China is one of the major crop protection chemical market and with this acquisition UPL will strengthen its access in China market. UPL will build on the relationships that Laoting Yoloo has cultivated by serving their existing customers with the wider portfolio of UPL products. With this acquisition, UPL will also have a formulation facility in China. The closing of this transaction is subject to satisfaction of customary closing conditions and regulatory approvals. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as per attachment.

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