UPL gains 5% as Board to mull share buyback plan on March 2

In the past one week, the stock of UPL has corrected 13 per cent as compared to 6 per cent decline in the S&P BSE Sensex

Shares of UPL climbed 5 per cent to Rs 664 on the BSE in Friday's intra-day trade after the agrochemicals company announced that its board will consider share buyback proposal on Wednesday, March 2, 2022.

"A meeting of the board of directors of the Company is scheduled to be held on Wednesday, 2nd March, 2022 inter-alia to consider a proposal for buyback of fully paid-up equity shares of the Company," UPL said in an exchange filing on Thursday after market hours. The stock ended 8 per cent lower at Rs 632 yesterday.

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