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( 21 Nov 2018)
UPL - Announcement under Regulation 30 (LODR)-Acquisition

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

We would like to inform you that UPL Corporation Limited, Mauritius ('UPL Corp'), wholly owned subsidiary of UPL Limited ('UPL') has announced today that it has signed a definitive agreement to acquire directly or through its subsidiaries 100% of the shares of INDUSTRIAS BIOQUIM CENTROAMERICANA, SOCIEDAD ANONIMA (IBC), a company based out of Costa Rica, and certain other group companies situated in Caribbean and Central American Region (collectively 'Bioquim Group').

The closing of the above transactions is subject to the satisfaction of customary closing conditions and regulatory approvals.

Details as required in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) are as per attachment.