21/11/2024, 8:47:02 am

UPL shares in focus on plans to raise Rs 3,378 crore via rights issue

Shares of agrochemicals manufacturer UPL are likely to remain in focus on Thursday announced plans to raise up to Rs 3,378 crore through a rights issue priced at Rs 360 per share. The funds will be raised through the issuance of 9.38 crore partly paid-up equity shares. The issue price of Rs 360 represents a discount of about 34% to UPL's closing price of Rs 546.85 on November 19 on the BSE.