UPL Limited — Others, 02-12-2024: Copy of Newspaper Publication

UPL Limited has announced a board meeting to discuss its rights issue, which will involve issuing up to 9,38,25,955 partly paid-up equity shares at ₹360 per share, potentially raising around ₹3,377.74 crore. This offering will be available to eligible shareholders on a one-for-eight basis, based on their holdings as of the record date, November 26, 2024. The issue opens on December 5, 2024, and closes on December 17, 2024. Investors should consider the implications for future liquidity and shareholder equity, as well as the potential dilution of ownership. This rights issue may signal positive growth prospects for the company in a dynamic market environment.