Page 4 - Upl

ADIA, Brookfield, KKR to invest Rs 4k cr in UPL's pure-play biz platforms

Agrochemical major UPL on Friday announced a strategic corporate realignment in which ADIA, Brookfield, KKR and TPG will separately invest Rs 4,040 crore (USD 500 million) for minority stakes in its pure-play business platforms. Abu Dhabi Investment Authority (ADIA), Brookfield and TPG will invest Rs 1,580 crore (USD 200 million) for a 9.09 per cent stake in Agri-tech Platform UPL SAS at an equity valuation of Rs 17,380 crore (USD 2.2 billion), UPL said in a statement. KKR will invest USD 300 million (Rs 2,460 crore) for a 13.33 per cent stake 'Advanta Enterprises - Global Seeds Platform' at an equity valuation of USD 2.25 billion (Rs 18,450 crore). ADIA and TPG will hold a 22.2 per cent stake in UPL Cayman, which will be the Global Crop Protection Platform (ex-India), according to the statement. The financial details of the deal were not disclosed. These investments are independent transactions for which separate agreements have been agreed pursuant to negotiations between each of

Recession fears hit equities; Sensex sinks 1,093 pts, Nifty gives up 17,550

CLOSING BELL: PSU banks, auto, IT, metal, and realty stocks plunged the most on the bourses. Their respective indices on the National Stock Exchange declined between 2 and 4 per cent

Stocks to Watch: Adani Ports, Tata Power, UPL, SBI, Tata Motors, Patanjali

Stocks to Watch: State Bank of India (SBI) has clarified that it has not been identified as a nodal bank for handling Russia-related rupee transactions

UPL Corp appoints Mike Frank as CEO of UPL's Global Crop Protection biz

Agriculture solutions provider UPL Corporation on Thursday said Mike Frank has been elevated as the chief executive officer (CEO) of UPL Ltd. Frank will also be a member of the UPL Crop Protection Board of Directors, the company said in a statement. UPL's Global Crop Protection (CP) business manages all CP assets outside of India. Frank joined UPL Ltd in early 2022 as president and Chief operating officer of UPL's Crop Protection business based out of its London headquarters. He played a significant role in driving sustainable solutions in global food value chain networks to advance its OpenAg purpose. "Frank was the natural choice to lead this transition, bringing extensive experience leading global agriculture companies... Mike has already demonstrated an impressive leadership style, entrepreneurial mindset and a strong commitment to strengthening organisational culture," Group CEO of UPL and chairman of UPL Corporation Jai Shroff said. "I am very excited to work with our passi

Stocks to watch: Adani Enterprises, UPL, Zee Ent, Hero Moto, Tata Motors

Stocks to watch today: Adani Enterprises is set to enter the NSE Nifty50 index from September 30, replacing Shree Cement at the exchange; UPL promoted Mike Frank to Chief Executive Officer.

Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%

CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan

UPL slips 23% in a month post closure of buyback offer; hits 52-week low

UPL expects strong performance (10 per cent plus revenue growth and 12-15 per cent EBITDA growth) in the current fiscal year FY23.

Here's why Mehul Kothari recommends buying Coforge, UPL

According to the technical analyst from Anand Rathi, UPL has formed a Bullish Bat pattern and can rally up to Rs 775.

Normal monsoon boost Indian economy; related stocks may gain: Analysts

Analysts consider the south-west monsoon to be the lifeline of India's agri-based economy, as it is likely to brighten outlook for bumper crop output amid inflationary times post covid-19 blowout.

UPL net profit rises 29% to Rs 1,379 crore in Q4; revenue up 24%

The company's net profit stood at Rs 1,065 crore in the corresponding quarter of the previous financial year, UPL said in a statement

Sensex sinks 769 pts, Nifty below 16,250; Titan, Maruti fall 5%, IT stks up

CLOSING BELL: Sectorally, only the Nifty IT index eked out gain on the NSE, rising 0.14 per cent

Strong growth outlook, valuations point to further upside for UPL

Buyback could support the price in the near term

Sensex slides 366 pts, Nifty below 16,500; auto stocks bleed; IT dazzle

CLOSING BELL: Ultratech Cement, HDFC Life, Asian Paints, Shree Cement, Eicher Motors, SBI Life, and Tata Consumer Products were the top laggards, down up to 6.5 per cent

UPL to sell 49.98% stake in subsidiary ANSL to Nerka Chemicals

UPL, in a regulatory filing, said it will offload the stake for a consideration of Rs 1.75 crore and the deal is expected to be completed by March 31 this year

Stocks to Watch: UPL, ITC, Restaurants, Multiplexes, FMCG, OMCs, Suzlon

Shares of multiplex restaurant owners are likely to be in focus on easing of Covid-19 related curbs in Maharashtra.

Agro-chemicals major UPL plans share buyback of up to Rs 1,100 crore

The buyback of shares will be at a price not exceeding Rs 875 per equity share through the open market route

UPL gains 5% as Board to mull share buyback plan on March 2

In the past one week, the stock of UPL has corrected 13 per cent as compared to 6 per cent decline in the S&P BSE Sensex

Stocks to Watch: Gail, Apollo Hospitals, Cadila, IOC, UPL, Saregama, KSB

Apollo Hospitals is likely to be in limelight as the stock enters Nifty 50. It will be replacing IOC with effect from March 31.

Centrum Broking gives 'buy' call for Godfrey Phillips India, UPL

Brokerage house Centrum Broking has given a 'buy' call for Godfrey Phillips India and UPL shares.

Agro-chemical firm UPL Q3 profit grows 25% at Rs 1,179 crore

Agro-chemical firm UPL on Monday reported 24.89 per cent growth in consolidated net profit at Rs 1,179 crore for December quarter 2021-22.