UPL Ltd forms step-down subsidiary in Mauritius

UPL Speciality Mauritius Limited is a subsidiary of UPL Speciality Chemicals Limited, India in which UPL Ltd holds 100% shareholding. It is a stepdown subsidiary of UPL Limited, and it becomes a related party upon incorporation.

UPL Speciality Chemicals Limited expects to invest approx.. USD 1 million in line with the business plan in the form of equity or any other security/form as may be deemed appropriate. Investment will be made in cash, in compliance with applicable local regulations.

Shares of UPL Limited was last trading in BSE at Rs. 558.95 as compared to the previous close of Rs. 566.00. The total number of shares traded during the day was 61480 in over 3753 trades.

The stock hit an intraday high of Rs. 569.75 and intraday low of 558.05. The net turnover during the day was Rs. 34541976.00.

Source : Equity Bulls

Keywords

UPL INE628A01036 Subsidiary Mauritius