UPL gains with arm signing definitive agreement with Platform Specialty Products

23 Jul 2018

UPL is currently trading at Rs. 579.40, up by 29.15 points or 5.30% from its previous closing of Rs. 550.25 on the BSE.

The scrip opened at Rs. 571.00 and has touched a high and low of Rs. 593.00 and Rs. 560.25 respectively. So far 189984 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. 537.90 on 19-Jul-2018.

Last one week high and low of the scrip stood at Rs. 593.00 and Rs. 537.90 respectively. The current market cap of the company is Rs. 29312.12 crore.

The promoters holding in the company stood at 27.75%, while Institutions and Non-Institutions held 50.20% and 13.78 % respectively.

UPL’s wholly owned subsidiary -- UPL Corporation (UPL Corp) Mauritius --  has signed a definitive agreement with Platform Specialty Products Corporation to acquire Arysta LifeScience Inc. and its subsidiaries (collectively 'Arysta'), a global provider of innovative crop protection solutions, including  BioSolutions and Seed Treatment, for around $4.2 billion in cash consideration, subject to customary closing conditions and regulatory approvals.

The Board of Directors of the company has approved this acquisition in its meeting held on July 20, 2018.

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

591.80 -23.80 (-3.87%) Mar 05, 18:59
1 Year Price Chart
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UPL 591.80
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Puchho Befikar
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