homebusiness Newscompanies NewsPromoter stake in UPL is now at the highest in 18 years

Promoter stake in UPL is now at the highest in 18 years

Promoter stake in UPL is now at the highest in 18 years
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By Sudarshan Kumar  Mar 28, 2023 11:57:29 AM IST (Updated)

Besides the purchase from the open market, UPL's promoters also acquired 15.5 lakh global depository receipts (GDRs) on March 21 and 22, 2023.

Promoters of UPL have further increased their stake in the company, taking the total holding past 32 percent as of March 2023. This figure is the highest since September 2005.

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Promoters have increased their stake by 3.5 percent in UPL over the last six months. This quarter has seen stake g up by 2 percent, while the full financial year 2023 has seen stake go up by 4 percent.
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