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News Topical, Digital Desk : UPL Ltd informed after the stock market closed on Monday that UPL's subsidiary has bought 49 percent stake in Thailand's Grow ChemicalCo. In the information given to the exchange, the company said that its step-down subsidiary UPL Global Limited United Kingdom has signed a share subscription agreement to acquire 49 percent stake in Thailand-based Grow Chemical. Grow Chemical was established on 22 March 2011 as a wholly owned subsidiary of Baka Company.

The company sources raw materials domestically and internationally and markets chemicals, fertilizers and agri products such as herbicides, insecticides, etc. Under this strategic partnership, UPL Global and Baka will jointly provide agri solutions to farmers in Thailand. The agreement aims to accelerate Thailand's agri-chemical sector, promote joint R&D, distribution and marketing, and expand product portfolio and regulatory registrations. Share performance The company's stock closed at Rs 727.00 on Monday with a gain of 1.57 per cent. In the last one year, the company's stock has seen a gain of 26.42 per cent. 


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