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On December 22, 2023, the Board of Directors of UPL Limited approved a proposal for fund-raising. This proposal involves a rights issue of equity shares to eligible equity shareholders for an amount aggregating up to ₹ 4,200 crores. The rights issue is subject to statutory/regulatory approvals, and the record date will be determined subsequently.
| Date | 27 Dec 2023 |
| Time | 07:00:03 |
| Category | Miscellaneous |
| ID | 8328X |
UPL LIMITED
Sub: Outcome of Board Meeting - Rights Issue
Dear Sir/Madam,
We wish to inform you that at the meeting of the Board of Directors of the Company ("Board") held today i.e. Friday, 22nd December, 2023, approved the proposal for fund raising for an amount aggregating upto ₹ 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.
The links for the disclosure is mentioned below: -
https://www.bseindia.com/xml-data/corpfiling/AttachLive/3e554dc0-be89-4f15-8a44-e39079ca69ad.pdf
We request you to take note of the same.
Thanking you,