UPL Limited had earlier announced regarding its equity investment of Rs. 1,99,99,283 ('Equity Investment'), and investment of Rs. 7,25,00,000 for subscribing to optionally convertible debentures ('OCDs') in All Fresh Supply Management Private Limited ('Company'), subject to closing conditions being met.
Now on closing, UPL has, through the Equity Investment, acquired 7.32% shareholding in the Company. In addition, on closing, UPL Limited has also acquired OCDs which can be converted into equity shares in future, at a pre-determined formula, based on the Company's performance and in accordance with the share subscription agreement of 10 May 2019.
Shares of UPL Limited was last trading in BSE at Rs.957.9 as compared to the previous close of Rs. 935.6. The total number of shares traded during the day was 162350 in over 3269 trades.
The stock hit an intraday high of Rs. 963 and intraday low of 924.55. The net turnover during the day was Rs. 153480948.