Global Stock News

UPL share price tanks 14% following the company’s reorganisation plan; finer details and what analysts said

UPL share price tanks 14% following the company’s reorganisation plan; finer details and what analysts said

UPL share price in focus: Shares of UPL Ltd tumbled as much as 13.6% to ₹650 apiece on the NSE on Monday, February 23, as last week, the company announced a reorganisation plan.

Open FREE Demat Account within minutes!

Join now

The agrochemical firm on Friday said it will integrate Indian and international crop protection businesses into a single entity as it seeks to create a focused pure-play platform for growth of this business globally while simplifying group structure.

In a regulatory filing, UPL informed that its board approved a composite scheme of arrangement amongst itself, UPL Sustainable Agri Solutions Ltd (UPL SAS), UPL Global Sustainable Agri Solutions Ltd (UPL 2), UPL Crop Protection Holdings Ltd (UPL Cayman) and their…

Source link

Share this article

Scroll to Top