Uniphos Enterprises Limited has completed an inter-se transfer of part of its shareholding in UPL Limited to Nerka Chemicals Private Limited. The transfer involved 9,80,000 fully paid-up equity shares, representing 0.11% of the paid-up share capital of UPL Limited.
The company had sought approval from its shareholders on September 20, 2024, for the transfer. The transaction was conducted at market price.
Following the transfer, Uniphos Enterprises Limited holds 3,67,59,431 fully paid-up equity shares and 49,39,947 partly paid-up equity shares in UPL Limited, which constitutes 4.94% of UPL's total share capital.
Uniphos Enterprises Limited is a 'Promoter Group' entity of UPL Limited and prior to this transfer held 3,77,39,431 fully paid-up equity shares and 49,39,947 partly paid-up equity shares of face value of Rs. 2 each in UPL Limited constituting 5.05% of holding post allotment of shares under rights issue of UPL Limited.
UPL's 'Promoter and Promoter group' holds 33.50% stake in UPL, out of which 21.29% is held by Nerka Chemicals Private Limited.
The company has informed the stock exchanges about the transfer, requesting them to update their records.
The Corporate Relationship Department of BSE Limited and the Listing Department of the National Stock Exchange of India Ltd. have been notified about this transfer.
The scrip code for Uniphos Enterprises Limited is 500429 and the symbol is UNIENTER.
The transfer was made in compliance with Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
We request you to take the same on your record.
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