UPL, through its step down wholly owned subsidiary has acquired 40% stake in the Sinagro group.

On March 19, 2015 UPL and Sinagro Produtos Agropecuarios (Sinagro) announced their agreement whereby UPL through its step down wholly owned subsidiary will be subscribing to 40% shares in Sinagro group.

This partnership will open up opportunities to UPL to actively participate in the multifaceted distribution system of products and services in delivering complete crop solutions to Brazilian farmers.

Shares of the company declined Rs 2.8, or 0.52%, to settle at Rs 535.15. The total volume of shares traded was 167,667 at the BSE (Tuesday).

Total volume of shares traded on the bourses today was higher by 27.13% to 2,675,420 compared with 22-day average volume of 2,104,427.