UPL surges on completing pre-payment of $410 million of 3.25% Senior Notes

30 Dec 2020 Evaluate

UPL is currently trading at Rs. 470.50, up by 15.75 points or 3.46% from its previous closing of Rs. 454.75 on the BSE.

The scrip opened at Rs. 463.00 and has touched a high and low of Rs. 472.25 and Rs. 461.20 respectively. So far 331052 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 614.80 on 09-Jan-2020 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. 472.25 and Rs. 445.15 respectively. The current market cap of the company is Rs. 34744.35 crore.

The promoters holding in the company stood at 27.88%, while Institutions and Non-Institutions held 53.08% and 10.46% respectively.

UPL has completed the pre-payment of $410 million of 3.25% Senior Notes due October 2021. The pre-payment, which concluded on December 28, 2020, was done using the cash on its balance sheet. This prepayment is in line with its commitment to reduce debt. The company is committed towards deleveraging its balance sheet at the back of strong business prospects and agriculture commodity prices, and favourable agronomic conditions.

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

455.85 -0.05 (-0.01%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
UPL 455.85
BASF India 3345.50
PI Industries 3879.80
Bayer CropScience 5264.35
Sumitomo Chemical India 348.00
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