Board of UPL approves buyback of equity shares up to Rs 1100 cr

9 Mar 2022 , 01:33 AM

The Board of UPL at its meeting held on 02 March 2022 has approved the proposal to buy-back fully paid-up equity shares of face value of Rs 2 each for an aggregate amount not exceeding Rs 1100 crore for a price not exceeding Rs 875 per share Subject to the market price of the equity shares being equal to or less than the Maximum Buyback Price the indicative maximum number of Equity Shares bought back would be 12571428 Equity Shares Proposed Buyback Shares comprising approximately 165Percentage of the paid-up share capital of the Company as of 2 March 2022 on a standalone basis