{
}
UPL has secured a USD 350 million investment from Alpha Wave Global in its subsidiary, Advanta Enterprises, which specializes in the global seeds business. This deal includes USD 250 million for a secondary share purchase and USD 100 million for fresh equity, valuing Advanta at approximately USD 2.85 billion. The investment aims to enhance Advanta's growth and improve UPL's financial health, leading to an upgraded target price of INR 591 and an increased EPS estimate for FY26E.
Nifty's ability to hold the 23,500 mark on expiry day is under scrutiny, with particular attention on Adani stocks and UPL. Market participants are keenly observing these developments as they unfold.
UPL reported a revenue of Rs. 11,090 crore for the quarter, reflecting a 9% year-on-year and 22% quarter-on-quarter increase. However, the company faced a loss of Rs. 585 crore, worsening from previous losses. Sharekhan maintains a HOLD rating with a revised target price of Rs. 584, citing destocking concerns and high debt.
UPL Limited
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UPL secures 350 million investment to enhance Advanta's growth and reduce debt
07:23 21.11.2024
Nifty faces critical test at 23500 on expiry day
04:35 21.11.2024
UPL reports mixed quarterly results amid destocking concerns and high debt
08:14 20.11.2024
Trending
Subcategory
Industry Trends
Corporate News
Supply Chain Management
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Industry Mergers & Acquisitions
Financial Scams and Security
Workplace Trends
Retail and Consumer Goods
Venture Capital Investments
Finance Mergers & Acquisitions
Cryptocurrency Trends
Funding Rounds & Investments
Fintech Startups
Emerging Startups
CEO Changes
Market Analysis and Predictions
Consumer Protection Regulations
Banking & Investment Regulations
Countries:
Companies:
Apple Inc.
Google Inc.
NVIDIA Corporation
Delhivery Limited
Ecom Express Ltd.
Alphabet Inc.
OpenAI ERC USD
Ciscom Corp.
ERICSSON - CLASS B
Physicswallah Ltd.
Learning Resources Inc.
MGA Entertainment Inc.
Snap Inc.
Tiktok USD
Semiconductor Manufacturing International Corporation
Hua Hong Semiconductor Ltd.
Spotify Technology S.A.
Dropbox, Inc.
Vimeo, Inc.
Adobe Inc.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Vietnamese Đồng
New Taiwan Dollar
United Arab Emirates Dirham
Russian Ruble
South Korean Won
Pakistani Rupee
Algerian Dinar
Australian Dollar
Thai Baht
Japanese Yen
Saudi Riyal
People: