UPL’s Board of Directors has approved raising Rs 3,377.74 crore through a rights issue, with the record date set for November 26, 2024. Key highlights include:
- Rights issue price: Rs 360 per share, comprising a face value of Rs 2 and a premium of Rs 358.
- Rights entitlement ratio: 1 rights share for every 8 shares held.
- Application and payment schedule:
- Rs 90 payable on application.
- Rs 270 payable on subsequent calls, as per the board’s terms.
- Rights issue period: December 5 to December 11, 2024.
This capital-raising initiative aims to strengthen UPL’s financial foundation and support strategic growth plans.
