UPL Ltd plans a Rights Issue of up to $500m (Rs 4200 crore) by early Q3, pending SEBI guidelines.
UPL Ltd plans to file DRHP for a Rights Issue, aiming to raise up to $500 million (Rs 4200 crore). The company has already secured board approval and the issue may hit the market by early Q3 of the fiscal year, according to CFO Anand Vora. The exact size of the Rights Issue will be determined closer to the launch, and the process is expected to take 90-135 days as per SEBI guidelines.
May 13, 2024
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