UPL trades higher on planning to sell its investment in subsidiary
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UPL is currently trading at Rs. 729.95, up by 15.20 points or 2.13% from its previous closing of Rs. 714.75 on the BSE.
The scrip opened at Rs. 709.15 and has touched a high and low of Rs. 735.95 and Rs. 704.75 respectively. So far 162069 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 864.75 on 08-Jun-2021 and a 52 week low of Rs. 580.85 on 26-Mar-2021.
Last one week high and low of the scrip stood at Rs. 735.95 and Rs. 644.50 respectively. The current market cap of the company is Rs. 56023.63 crore.
The promoters holding in the company stood at 28.24%, while Institutions and Non-Institutions held 52.92% and 10.90% respectively.
UPL has planned to transfer its entire holding of 49.98% in equity share capital of its subsidiary viz. Agri Net Solutions (ANSL). Post transfer, ANSL will cease to be the subsidiary of the Company. The shares will be bought by Nerka Chemicals, a promoter group company. The balance investment in ANSL is held by promoters.
UPL is global player of crop protection products has customer base in 123 countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.
