UPL Limited to raise funds through notes issue

The Board of Directors of UPL Ltd's wholly-owned subsidiary, UPL Corporation Limited (erstwhile Bio-win Corporation Limited) ("UPL Corp") has approved the proposal to launch a benchmark offering of US$ denominated senior unsecured notes ("Notes"), under Rule 144A/ Regulation S of US Securities Act, 1933 (as amended) (the "Securities Act"). The Notes are proposed to be listed on the Singapore Stock Exchange.

Shares of UPL Limited was last trading in BSE at Rs.683.75 as compared to the previous close of Rs. 683.45. The total number of shares traded during the day was 42362 in over 2265 trades.

The stock hit an intraday high of Rs. 694.95 and intraday low of 680. The net turnover during the day was Rs. 29000298.

Source : Equity Bulls

Keywords