UPL Reduces Gross Debt by USD 410 Mn, pre-pays 2021 USD Bonds

UPL has completed the pre-payment of US$410 mn of 3.25% Senior Notes due October 2021. The pre-payment, which concluded on 28th December 2020, was done using the cash on its balance sheet. This prepayment is in line with its commitment to reduce debt. UPL is committed towards deleveraging its balance sheet at the back of strong business prospects and agriculture commodity prices, and favourable agronomic conditions.

Shares of UPL Limited was last trading in BSE at Rs.454.75 as compared to the previous close of Rs. 453.85. The total number of shares traded during the day was 270418 in over 6327 trades.

The stock hit an intraday high of Rs. 458.8 and intraday low of 445.15. The net turnover during the day was Rs. 122639680.

Source : Equity Bulls

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