UPL Limited has announced that its wholly owned subsidiary, UPL Corporation Limited, Mauritius (“UPL Corp”), has completed the redemption of bonds totaling USD 400 million.
According to an official update from UPL Limited, this development follows a prior communication dated May 15, 2025. The bonds were redeemed at a price equal to their principal amount, along with accrued interest up to, but excluding, the redemption date. The payment also covered any arrears of interest, as applicable.
In th excahgne filing, the copmany shared, “Further to our letter dated 15th May, 2025, we wish to inform you that we have today received an intimation from UPL Corporation Limited, Mauritius (“UPL Corp”), a wholly owned subsidiary of the Company that it has redeemed all the Bonds aggregating to USD 400 Million. The redemption price was equal to the principal amount together with any interest accrued to but excluding the Redemption Date (including any Arrears of Interest)”
This bond redemption marks a significant step in UPL Corp’s financial commitments and capital structure management.
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