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UPL Corporation , Mauritius, a wholly-owned subsidiary of UPL, on Wednesday said that it has signed a definitive agreement to acquire directly or through its subsidiaries 100 per cent of the shares of Industrias Bioquim Centroamericana, Sociedad An Nima, a Costa Rica-based company, and certain other group companies situated in the Caribbean and Central American Region (collectively Bioquim group). The group is engaged in the business of producing, selling and marketing of agro-chemicals and crop protection products in Costa Rica and certain countries in the Caribbean and Central American Region. However, the transaction is subject to the satisfaction of customary closing conditions and regulatory approvals. Shares of UPL gained 2.49 per cent at ₹778.65 on the BSE.
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