UPL gains as its arm makes further investment in Origeo
UPL is currently trading at Rs. 648.30, up by 3.30 points or 0.51% from its previous closing of Rs. 645.00 on the BSE.
The scrip opened at Rs. 646.20 and has touched a high and low of Rs. 657.50 and Rs. 646.20 respectively. So far 33707 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 657.75 on 21-Feb-2025 and a 52 week low of Rs. 429.63 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 657.75 and Rs. 622.10 respectively. The current market cap of the company is Rs. 54761.52 crore.
The promoters holding in the company stood at 33.51%, while Institutions and Non-Institutions held 51.22% and 12.33% respectively.
UPL’s step down subsidiary -- UPL Global, UK has made further investment in Origeo Comercio de Produtos Agropecuarios S.A (Origeo), Brazil, a joint venture entity of the Company. The said investment was made as a part of strategic decision to support working capital requirement in order to sustain Origeo’s business growth.
UPL Global invested $22.7 million in Origeo. Subsequent to this investment UPL Global continues to hold 50% of the equity share capital of Origeo.
UPL is global player of crop protection products has customer base in many 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.
