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    HomeNewsBusinessMarketsUPL's near-term earnings pressure bigger worry for brokerages even as firm set for $500-mn rights issue

    UPL's near-term earnings pressure bigger worry for brokerages even as firm set for $500-mn rights issue

    Even though UPL is trying hard to reduce its staggering debt through the issue of Rs 4,200-crore rights issue, brokerages remain cautious due to the persisting industry weakness and pressure on the firm's margins.

    Vaibhavi Ranjan
    May 14, 2024 / 15:11 IST
    UPL posted a net profit in Q4 after reporting net losses in the past two quarters.
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