By: ICN Bureau
Last updated : December 24, 2021 8:25 am
The market value of GDRs being admitted is approximately GBP 451 million which represents about 8.16% of its underlined paid-up equity share capital
Agricultural solutions provider UPL Limited, with annual revenue exceeding US $5.2 billion, has admitted its GDR programme (presently listed on Singapore Stock Exchange) for trading on the International Order Book (IOB), London Stock Exchange’s (LSE) electronic trading platform for Global Depositary Receipts.
The market value of the GDRs being admitted is approximately GBP 451 million which represents about 8.16% of its underlined paid-up equity share capital.
Jai Shroff, Global Chief Executive Officer, UPL Limited said, “We are delighted to be joining the London Stock Exchange and believe this will provide us an opportunity to diversify our investor base, as we continue to expand our business globally and reach more farming communities with our inclusive offering. We are transforming our business from products to a solutions business through our technology platform, wide portfolio of differentiated and bio-solution products, and our diverse and expansive product pipeline."
"Taken together, these agricultural solutions can significantly reduce carbon emissions, mitigate the impact of global warming, and deliver shared prosperity for our people and our planet. We are a purpose-led company and are committed to delivering value to all our stakeholders. We will continue to lead this mission by leveraging our robust and sustainable solutions portfolio, integrated manufacturing with a low operating cost structure, and commitment to maintain a healthy balance sheet,” added Shroff.