UPL rises on incorporating new step-down subsidiary in Dubai
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UPL is currently trading at Rs. 513.30, up by 3.30 points or 0.65% from its previous closing of Rs. 510.00 on the BSE.
The scrip opened at Rs. 511.30 and has touched a high and low of Rs. 515.30 and Rs. 510.90 respectively. So far 72679 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 698.85 on 08-Jun-2023 and a 52 week low of Rs. 448.00 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 539.50 and Rs. 501.85 respectively. The current market cap of the company is Rs. 38506.17 crore.
The promoters holding in the company stood at 32.35%, while Institutions and Non-Institutions held 48.96% and 15.38% respectively.
UPL has received an intimation on May 16, 2024, about issuance of certificate of incorporation with regards to new step-down subsidiary viz. UPL Agricultural Product Trading FZE in Dubai, United Arab Emirates, effective May 10, 2024. The company is incorporated to carry out agricultural and veterinary pesticides trading, chemical fertilizer trading and related business.
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.
