UPL has received approval to buy-back 1.40 crore fully paid-up equity shares of Rs 2 each at a price not exceeding Rs 220 per equity share, payable in cash upto an aggregate amount not exceeding Rs 308 crore from the open market through Stock Exchange(s). The board at its meeting held on December 30, 2013 has approved for the same.
UPL has reported around 2 fold jump in its net profit at Rs 165.13 crore for the second quarter ended September 30, 2013 as compared to Rs 78.85 crore for the same quarter in the previous year. Total income of the company has increased by 56.23% at Rs 1460.34 crore for quarter under review as compared to Rs 934.72 crore for the quarter ended September 30, 2012.
