General Announcement::Outcome of Board Meeting - Rights Issue

Issuer & Securities

Issuer/ Manager
UPL LIMITED
Securities
UPL LIMITED GDR - US90320U1152 - BYS
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
22-Dec-2023 21:27:25
Status
New
Announcement Sub Title
Outcome of Board Meeting - Rights Issue
Announcement Reference
SG231222OTHR8MCC
Submitted By (Co./ Ind. Name)
UPL Limited - Sandeep Deshmukh
Designation
Company Secretary and Compliance Officer
Effective Date and Time of the event
22/12/2023 18:00:00
Description (Please provide a detailed description of the event in the box below)
We wish to inform you that the Board of Directors of the Company (the Board ) at its meeting held today, i.e., on Friday, 22nd December, 2023, inter alia, approved the proposal for fund raising for an amount aggregating upto Rs. 4,200 crores subject to receipt of statutory / regulatory approvals, as may be required under applicable law, by way of issue of equity shares on rights issue basis to the eligible equity shareholders of the Company as on the record date (to be determined and notified subsequently), in accordance with the applicable laws including the Securities and Exchange Board of India (Issue of Capital and Disclosures Requirements) Regulations, 2018 as amended from time to time.

For the purposes of giving effect to the rights issue, the detailed terms to the rights issue including but not limited to the issue price, rights entitlement ratio, record date, timing and terms of payment will be determined in due course by the Board or duly constituted committee of the Board, in accordance with applicable laws, subject to receipt of necessary approvals, as may be required.

Attachments

UPLOutcomeofBM.pdf
Total size =552K