UPL Limited — QIP/Rights/Pref., 20-11-2024: Rights Issue

UPL Limited has announced a board meeting regarding its Rights Issue, seeking to raise up to ₹3,377.74 crore by issuing 9,38,25,955 partly paid-up equity shares at a price of ₹360 per fully paid share. The record date for this issue is set for November 26, 2024, with the Rights Issue opening on December 5 and closing on December 17, 2024. Eligible shareholders will have a rights entitlement ratio of 1 share for every 8 shares held as of the record date. The proceeds are expected to bolster the company’s capital structure and support future growth initiatives.