{"id":5080,"date":"2024-11-20T15:19:08","date_gmt":"2024-11-20T09:49:08","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5080"},"modified":"2024-11-20T15:19:09","modified_gmt":"2024-11-20T09:49:09","slug":"upl-to-raise-rs-3378-crore-via-rights-issue-at-rs-360-per-share","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/upl-to-raise-rs-3378-crore-via-rights-issue-at-rs-360-per-share\/","title":{"rendered":"UPL to Raise Rs 3,378 Crore via Rights Issue at Rs 360 per Share"},"content":{"rendered":"\n<p>Agrochemical company UPL Ltd plans to raise up to Rs 3,378 crore through a rights issue by offering 9.38 crore partly paid equity shares at Rs 360 each. The issue price represents a 34% discount to the closing price of Rs 545.5 on November 19. Eligible shareholders can subscribe to one equity share for every eight shares held.<\/p>\n\n\n\n<p>The record date for determining the shareholder eligibility is November 26. Following this, the right issue subscription will open on December 5 and shall close on December 17, 2024.<\/p>\n\n\n\n<p>The deal forms part of the overall deleveraging strategy of UPL. Earlier this month, the company signed an investment agreement worth $350 million with Alpha Wave Global, along with the sale of an 8.93% stake in its fully owned subsidiary Advanta Enterprises and fresh investments to expand equity.<\/p>\n\n\n\n<p>Key details of the rights issue:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Issue Ratio<\/strong>: 1 equity share for every 8 shares held.<\/li>\n\n\n\n<li><strong>Price<\/strong>: Rs 360 per share.<\/li>\n\n\n\n<li><strong>Record Date<\/strong>: November 26, 2024.<\/li>\n\n\n\n<li><strong>Subscription Period<\/strong>: December 5 to December 17, 2024.<\/li>\n\n\n\n<li><strong>Renunciation Window<\/strong>: December 5 to December 11, 2024 (on-market).<\/li>\n<\/ul>\n\n\n\n<p>In its latest financial results, UPL reported a net loss of Rs 443 crore in Q2FY25, compared to a Rs 189 crore loss a year ago, despite a 9.1% rise in revenue to Rs 11,090 crore.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/upl-to-raise-up-to-rs-3378-crore-via-rights-issue-at-rs-360-per-share-12871022.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/upl-to-raise-up-to-rs-3378-crore-via-rights-issue-at-rs-360-per-share-12871022.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Agrochemical company UPL Ltd plans to raise up to Rs 3,378 crore through a rights issue by offering 9.38 crore partly paid equity shares at Rs 360 each. The issue price represents a 34% discount to the closing price of Rs 545.5 on November 19. Eligible shareholders can subscribe to one equity share for every [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[705],"class_list":["post-5080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-upl-right-issue"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5080"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5080\/revisions"}],"predecessor-version":[{"id":5082,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5080\/revisions\/5082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5081"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}