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UPL soars as its arm sells entire stake of 50% in Brazilian firm Sipcam UPL

01 Apr 2014 Evaluate

UPL is currently trading at Rs. 189.40, up by 5.25 points or 2.85% from its previous closing of Rs. 184.15 on the BSE.

The scrip opened at Rs. 184.90 and has touched a high and low of Rs. 190.75 and Rs. 184.05 respectively. So far 129076 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 218.00 on 20-Jan-2014 and a 52 week low of Rs. 113.30 on 01-Apr-2013.

Last one week high and low of the scrip stood at Rs. 190.75 and Rs. 179.60 respectively. The current market cap of the company is Rs. 8139.20 crore.

The promoters holding in the company stood at 28.86% while Institutions and Non-Institutions held 54.03% and 17.02% respectively.

UPL’s overseas subsidiary has entered into agreement with the Italian company Spicam S.p.A., to sell its entire stake of 50% in the Brazilian agrochemical company Sipcam UPL Brazil S.A. The gross consideration amount of the transaction is $58.50 million (approximately Rs 351 crore).

This disinvestment will release the funds to the company which will be available for new opportunities and meet growing business requirements. It will also help UPL to have more focused approach for Brazilian agrochemical market which is one of the largest agrochemicals market in the world.

UPL (formerly United Phosphorus) 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

665.00 5.40 (0.82%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
UPL 665.00
PI Industries 3144.45
Bayer CropScience 4900.45
Sharda Cropchem 1109.70
Sumitomo Chemical 441.95
View more..

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