At 9:41 am, the shares reflected a marginal increase of 0.13%, settling at ₹599.55. In a communication to BSE, UPL Limited has conveyed that the Board of Directors is slated to convene on 22/12/2023.
UPL, a prominent player in the agricultural solutions domain, has recently exceeded its 100-day Exponential Moving Average (EMA), currently standing at Rs 605.0. This signifies a positive shift of 1.04% when compared to the preceding day’s closing rate of Rs 600.46.
The agenda of the meeting encompasses discussions and approvals for a proposed fund-raising initiative through the issuance of equity shares. The modes under contemplation include a preferential issue, qualified institutions placement, rights issue, or any other method permissible under applicable law.
