Others

Upl Limited - Announcement under Regulation 30 (LODR)-Updates on Acquisition

| Updated on June 26, 2019 Published on June 26, 2019

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

We would like to inform you that UPL Limited had made an announcement to the stock exchange on 10 May 2019 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 Companys performance and in accordance with the share subscription agreement of 10 May 2019.

We would like to inform that this transaction has closed on June 25, 2019.

May we request you to take the same on your record and inform all your constituents accordingly.

Pdf Link: Upl Limited - Announcement under Regulation 30 (LODR)-Updates on Acquisition

Source : BSE - www.bseindia.com

Published on June 26, 2019
This article is closed for comments.
Please Email the Editor