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UPL inches up as its arm raises $500 million via bonds

  • bitnet infotech
  • June 11, 2020
  • 6:15 am

UPL is currently trading at Rs. 425.35, up by 0.25 points or 0.06% from its previous closing of Rs. 425.10 on the BSE.

The scrip opened at Rs. 432.00 and has touched a high and low of Rs. 434.25 and Rs. 422.90 respectively. So far 2030624 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 709.25 on 05-Jul-2019 and a 52 week low of Rs. 240.30 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 449.85 and Rs. 421.30 respectively. The current market cap of the company is Rs. 32485.67 crore.

The promoters holding in the company stood at 27.89%, while Institutions and Non-Institutions held 54.50% and 9.34% respectively.

UPL’s subsidiary company — UPL Corporation, Mauritius, (UPL Corp) has successfully placed 10-year dollar-denominated senior unsecured notes for an aggregate amount of $500 million at the coupon rate of 4.625% p.a. The bonds will mature on June 16, 2030. The bonds are proposed to be listed on Singapore Stock Exchange.

UPL is global player of crop protection products has customer base in 123 countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.

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