UPL moves up on the buzz of acquiring Arysta LifeScience for more than Rs 400 crore

09 Jul 2018

UPL is currently trading at Rs. 622.10, up by 0.35 points or 0.06% from its previous closing of Rs. 621.75 on the BSE.

The scrip opened at Rs. 626.80 and has touched a high and low of Rs. 627.50 and Rs. 621.95 respectively. So far 11410 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 902.00 on 01-Aug-2017 and a 52 week low of Rs. 603.15 on 28-Jun-2018.

Last one week high and low of the scrip stood at Rs. 633.00 and Rs. 614.20 respectively. The current market cap of the company is Rs. 31823.13 crore.

The promoters holding in the company stood at 27.72%, while Institutions and Non-Institutions held 50.83% and 13.17% respectively.

UPL will reportedly acquire Bill Ackman’s Platform Specialty Products Corp - known as Arysta LifeScience for more than Rs 400 crore, which will be one of the largest outbound deal by Indian company.

The company has arranged funds from a consortium of lenders, including a Japanese bank. This acquisition will help the company to enhance its solutions to fit local farming needs, bring in synergies that can benefit its operations in overseas markets, and will also boost its agrochemical and crop protection business.

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.

UPL Share Price

770.55 27.00 (3.63%) May 17, 18:01
1 Year Price Chart
Company Name CMP
UPL 770.55
BASF India 2399.95
Bayer CropScience 5390.30
PI Industries 2699.45
Rallis India 309.70
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