UPL's net debt stood at Rs 27,531 crore as of September 2024, indicating a significant decline in leverage ratios due to a decrease in earnings in FY24.

The company is taking measures to address its financial difficulties through a rights issue and the sale of a stake in its subsidiary, Advanta Enterprises.

These actions are expected to inject approximately Rs 5,489 crore into UPL, providing much-needed capital to reduce its debt burden.

However, the company is still facing challenges from an oversupply originating from China, which is having a negative impact on global product prices.